My prediction: the Fed will cut 25bps in Dec or Jan and pause til mid 2026. Second half 2026 going to see 100bps fast right for midterms.

We now have a one year and two week old and it’s insane. Don’t know what is tougher in my life right now, managing him walking, climbing to every danger in the house or managing loan officers trying to get their deals closed. 😂

The specialized fintech’s applying for a charter is interesting. I get they don’t want to pay partner fees and if their software is good enough, makes sense to do. I still think most strong brands should partner with banks to offer product and services.

Interesting list. 🤔

Year end is here. We had our best year ever and everything went right. All loan growth mostly in first half. 18% growth YOY. NIM at 3.90% as deposits repricing lower and we had excess liquidity to lend. Deposits still very hard game. Very little problem loans and ones we

Imagine how bad at decision making you have to be to make Tim Walz your VP nominee. What an embarrassment for the state of MN.

Would be interested to hear @Schornack on your take on the daycare fraud?? How was the money being banked and moved??

Reminder to myself and others: we work very hard all year long with very little break. Take time to just breathe for a few days, reflect on the year, get off your phone, don’t check email as often, have fun with family. Have a Merry Christmas everyone! 🎅🏼 🎄

1,000 men for 6 years to build, all for his wife. George Vanderbilt read 81 books a year over his entire life. The great banquet hall is magnificent.

I continue to think on scenarios for next year. Be ready for anything. 1-Aggressive Fed cuts, long end does nothing steepens curve, QE commences, event horizon 🕳️ 2-Fed continues slow pace, long end comes down with it (stubbornly) 3-Fed holds, long end comes down to flatten.

We’ve had a crazy recruiting season this last month. What I continue to believe is that the bank culture means so much much and elevating the banker is the way to win. As $750M banks go to $1B, then goes to $2-4B, you see banks diminish the bankers, not elevate them. Your brand

I’ve offered many refi rates with 3-5 years left in maturity that are currently at 8% to be moved to 6.75% at no charge. The customers responses are “I’m waiting to see what the Fed will do”. 🙄

It’s all part of the plan 😂 seriously, there is prob no other options as the debt grows bigger.

Missed this one but a great one by @BobEUnlimited . Has the Fed distorted things so bad, they are now irrelevant to fix them?

If your loan rate is above 7%, you can do better with most banks. Prob can get mid to low 6’s.

The amount of time my wife watches fix up my dream house, flip this cabin, fix up this beach house should be outlawed in all states.

Rocket 🚀 warning ⚠️ Customer of ours wanted the 5.875% mortgage at Rocket versus our 6.25%. Customer initial disclosure said $18,000 in fees. Revised disclosure now $58,000! Rocket bait and switches on people all the time!

I find it interesting that you can make 3-4x your equity capital in 20 years in the traditional way of building a community bank versus 3-4x within 5 years if you build it in non traditional fintech route. And people still want the old fashioned way.

Happy Thanksgiving everyone 🦃!

The banking biz really has a void of talent. From the GFC to Covid, seems like an entire generation doesn’t exist in banking on the whole. Young talent is very tough to find which is why I think AI will boom in banking.