Main Street Banking: A Podcast for Community Bankers Barret School of Banking

I know it's been a minute since I followed up with the ChatGPT episode but I still wanted to talk about it since more news and insights have come out around AI.

Needless to say too...it's been an interesting month around banking and it's time we have a serious chat about that.

Don't forget to check out our sponsor, ICBA Securities at https://www.icba.org/icba-securities

We'll get back to the ChatGPT pt 2 episode...but...because we are in the middle of our Commercial Lending Academy this week, I wanted to bring on Michael Fielding again from Husch Blackwell. Michael's been a frequent guest on the show and always has some really cool takes on distressed loans in ways that you may not have considered. I always enjoy having him on.

Well, today, he's put together a quiz of some commercial lending situations that you may/may not have encountered...but good nonetheless. Test your knowledge!! Have to admit...I would've failed miserably!

Be sure to check out Husch Blackwell at https://www.huschblackwell.com/

And many thanks to our sponsor, ICBA Securities at https://www.icba.org/icba-securities

So, I decided to unleash Skynet and have AI write a podcast script. Here's the prompt I used to generate the script entirely as it is presented in the show: "Write a 2000 word podcast script about the importance of community banks emphasizing the benefits banks provide to low to moderate income communities. Begin the podcast with "Hey everyone! Welcome back to the Main Street Banking podcast" and end the podcast with a disclaimer that this has been written by AI. The target audience is bankers in these communities." 30 seconds later I had the script you hear on this episode.

Now...was it good? Was it bad? Did it sound like a normal MSB podcast? That's what we'll talk about next week on the show as well as on the show's LinkedIn page during the next several days. Whether we like it or not...scared of it or not...embrace it or not...this tech is here and I don't think it's going anywhere. So, let's talk about it.

Please make sure to check out our sponsor, ICBA Securities at https://www.icba.org/icba-securities

I know...that title is just jumping off the phone/tablet begging you to listen...because ratio analysis is just what you want to hear on a podcast. But...there are some trends in the $300MM to $1B group of banks that I think are interesting and probably worth discussing.

Also, we're talking about trends...there's very few numbers here. I promise. If you do want to look at some numbers, go to the showpage and you can pull the "Average Bank"'s ratio chart.

https://barretbanking.org/msbpodcasts/looking-at-some-5-year-ratio-trends-for-community-banks-and-not-put-you-to-sleep-in-the-process/

When the Fed meets, we bring the best in the business to break it down for us. Jim Reber, CEO of ICBA Securities, is not only the sponsor of the podcast but the best when it comes to helping community banks understand this type of information.

Be sure to check out ICBA Securities at https://www.icba.org/icba-securities

Bringing "old school" lending into the digital world is pretty tricky. I sat down with Ken Summar (Director of Advisory Services with Jack Henry's Lending and Deposits Group) and Mark Messick (Director of Products with Jack Henry's Lending and Deposit Group) to talk about some of the uses for data in credit analysis that you might not have thought about. I hadn't, to be honest.
But the big thing here is the last question. No matter how many times I've had the discussion around adding new technology to an existing core, the grumbling begins and more bourbon usually gets ordered. So, I asked Ken and Mark...why? So, the last several minutes are 2 executives from Jack Henry™, a major technology provider, answering the question we've all asked ourselves about the core.

Hope you enjoyed it. I learned a ton.

Jack Henry is a well-rounded financial technology company that strengthens the connections between people and their financial institutions through technology and services that reduce the barriers to financial health – with the purpose of empowering people and communities to gain the financial freedom to move forward. Visit jackhenry.com to learn more. Contact Mark Messick at MMessick@jackhenry.com.