OFFICIAL PUBLICATION OF THE KANSAS BANKERS ASSOCIATION

Pub. 11 2022 Issue 4

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The Importance of Asset Pricing and ALM Strategy

As if navigating the 2008 Housing Crisis and the 2020 Global Pandemic weren’t enough, banks now face the most feared economic monster of all – inflation. CPI YOY jumped by 8.6% in May 2022, backed by broad price increases across many sectors. Obviously, this is well above the Fed’s average target of 2% and increases the chances of more severe economic headwinds. If the Fed aggressively fights
inflation through higher rates and balance sheet reduction, it will add significant downward pressure on consumers and the overall economy. If they are not aggressive enough, inflation can remain elevated for a longer period, also adding significant
downward pressure.

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Lender Sees Kansas Homeowner Assistance Fund Help Its Customers “A Blessing” For Low-Income Homeowners

For people who have fallen behind on their mortgage or utilities due to pandemic-related hardship, the Kansas
Homeowner Assistance Fund (KHAF) is a great benefit, says loan officer Julie Cannady of Community National Bank & Trust (CNB) in Augusta, Kansas. KHAF, administered by Kansas Housing Resources Corporation, has been allocated $56.6 million through the American Rescue Plan Act to help low- and moderate-income homeowners avoid foreclosure and get caught up. Lender participation is a vital component.

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2022 BLOK Session II: 2022 BLOK Training Travels to Wichita

The 2022 KBA Bank Leaders of Kansas (BLOK) Class reconvened their training with a successful third session in Wichita on July 13-15. The 21-member class kicked off their time together with an interactive discussion with 2010 KBA Chairman Jeannette Richardson (Vice Chairman, Prairie Bank of Kansas, Hutchinson). She shared insights on leadership in her bank and community, what led her to serve on the KBA Board of Directors and she graciously took
questions from the class looking to tap into her experience as a Kansas banker. That evening, the class members were treated to a hospitality reception, sponsored by UMB Bank, offering the chance to reconnect since their second session in April.

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Washington Update – No Deal: States Slam on Brakes for CU Acquisitions of Community Banks

It would have been the largest acquisition of a community bank by a credit union — but word came in mid-June that the deal was off between VyStar Credit Union and Heritage Southeast Bancorporation, after a failure to receive regulatory approvals. If completed, the deal would have made Jacksonville, Florida-based VyStar the 13th largest credit union in the nation.

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