December 2018 - Pinion

Improving Lending Chances & Truths about Alternative Lending

January 24, 2023December 31, 2018 by Pinion Editorial

Reading Time: < 1 minute

By now, people around the globe know it’s been a particularly tough year for U.S. agriculture. Don’t think for a second that your banker isn’t among them. Lenders have been vigilant in monitoring the eroding profit margins for many agribusinesses, and if you’re not trying to improve your borrowing position …

New Guidance for Leasing Standard Implementation

January 19, 2023December 20, 2018 by Pinion Editorial

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FASB’s Accounting Standards Update (ASU) 2018-11 offers relief cost savings for entities adopting the new leasing standard ASC 842. The update offers companies practical expedients in applying the new lease standard. A few key highlights of the update include: Transition Relief – a new (and optional) transition method allows entities …

2018 — A Year of Change and Constancy

August 10, 2023December 19, 2018 by Sandy Sporleder

Reading Time: 3 minutes

Owning and operating a bank is more costly than ever. As 2018 nears its close, it’s important to reflect on all that has happened, as it’s certainly been an interesting year for banking. We witnessed lots of changes and plenty of forward momentum in a number of areas. Mergers and …

Are You Financing OREO Property?

August 10, 2023December 19, 2018 by Sandy Sporleder

Reading Time: 3 minutes

Beginning in 2019, with the issuance of Accounting Standards Update 2014-09, community banks will have to change the way they account for seller financing of Other Real Estate Owned (OREO property). This supersedes the current methods used under Accounting Standards Codification (ASC) 360-20, the long-standing Statement of Financial Accounting Standards …

GAAP Update: New Lease Standards will Affect Banks

August 10, 2023December 19, 2018 by Pinion Editorial

Reading Time: 2 minutes

Understanding the Impact on Balance Sheets & Borrowers You’ve probably already heard that FASB has updated the new lease standards, but what does the new standard mean for a bank? The effective date for non-public entities is December 15, 2019 (i.e., January 1, 2020). Early adoption is permitted. Banks will …

An Ounce of Prevention (or Inspection) will Alleviate Loan Fraud

August 10, 2023December 19, 2018 by Sandy Sporleder

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Now is not the time to waive, omit, or procrastinate solid credit practices – such as inspections, onsite verifications, or similar procedures. An ounce of prevention or inspection will alleviate loan fraud. The last few years have been challenging for all Ag producers. Challenging commodity prices, tariffs, weather, changing consumer …

What You Need to Know About Second MFP Payment

April 10, 2023December 18, 2018 by Pinion Editorial

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Following the authorization of the second MFP payments, here are a few key points that growers should keep top of mind for operational and financial planning: As line of credit renewals are generally discussed with lenders now or within the next few months, producers should provide MFP documentation to the …

How to Combat Ag’s Downward Trends

January 5, 2023December 13, 2018 by Pinion Editorial

Reading Time: 4 minutes

Weak commodity prices and an international trade war have inflicted pain on American agriculture – at a time when U.S. farmers, ranchers and agribusinesses can least afford it. It may be hard to combat global economic trends, but you can shore up your operation’s finances. Follow these guidelines to help …

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