Pub. 6 2017 Issue 2

March 2017 19 l e a d i n g a d v o c a t e f o r t h e b a n k i n g i n d u s t r y i n k a n s a s 2017 Ag Problem Loans Measuring Financial Condition and Performance How can I evaluate loan repayment alternatives for agricultural loans, but do it in a timely and cost-effective manner? The agricultural lending environment has changed dramatically from the 2006-2013 period due to lower commodity prices, but principal payments on term debt for capital purchases made during those more profitable years remain. The result is varying degrees of financial stress among agricultural borrowers. A review of the financial information needed to make informed deci- sions and a spreadsheet that can be used to evaluate repayment alter- natives will be covered during this workshop. Refreshments Provided By EDUCATIONAL RESOURCES 785-232-3444 KSBANKERS.COM Business can be complicated. Make it a little less taxing. WWW.MOSSADAMS.COM/ F I For more than a century, we’ve helped clients reduce risk, save money, and plan for the future with customized tax, assurance, and consulting solutions. Put our knowledge to work for you. • Review and evaluate the claims made in the demand letter. Seek out as much information as possible, as you may find some, if not all, of the allegations to be unsubstantiated. • Banks should submit notice to agents and insurers. They can also be a resource to aid in assessing the claims made against you. Conclusion Recently, the Independent Community Bankers of America received a response to their request for the DOJ to intervene in the letters banks received from plaintiff’s attorneys. The DOJ declined, citing that it does not have the authority to intervene, and it’s ultimately the responsibility of the state in which the suit has been brought. Additionally, while the DOJ has not formally published specific standards, adopting the WCGA 2.0 guidelines is under consideration. The safest way for your bank to avoid receiving a demand letter is to adopt those standards now. Doing so can make your website compliant with Title III of the ADA and avoid potential litigation resulting from noncompliance. About OneBeacon Financial Services OneBeacon Financial Services offers property and casualty coverages for commercial banks, savings banks and savings and loan institutions, security broker-dealers, investment advisors, insurance companies and credit unions. Specialty coverages, including professional liability, trust errors & omissions, cyber liability and financial institution bond are additionally avail- able for institutions with less than $3 billion in assets. Contact Us To learnmore about howOneBeacon Financial Services can help youmanage your unique risks, please contact CraigM. Collins, President, at ccollins@onebeacon.com or 952.852.2434. Visit our website at onebeaconfs.com or find us on: