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Recent Insights

Off-Balance Sheet Credit Exposure Liability Under (ASC) 326

By Pinion Editorial | September 9, 2024
Reading Time: 2 minutesSince the effective date of ASC 326 (CECL), we’ve been asked several questions regarding the need for a separate liability for off-balance sheet (OBS) credit exposures, or an “unfunded commitments liability”. Several factors should be considered when determining if this is necessary for your financial institution. Here are three essential …

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Navigating HUD Lending: A Guide for Banks

By Pinion Editorial | September 6, 2024
Reading Time: 3 minutesThe U.S. Department of Housing and Urban Development (HUD) plays a crucial role in expanding access to affordable housing. By providing federal support and insurance for home loans, HUD helps lower the risk that lenders face when borrowers default on their mortgages. Banks that get involved with HUD lending can …

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USDA Deadline Announced for Emergency Relief Program and FSA-510 Filing

By Pinion Editorial | July 30, 2024
Reading Time: < 1 minuteThe U.S. Department of Agriculture recently announced August 14, 2024, as the deadline for commodity and specialty crop producers that suffered losses as a result of a 2022 natural disaster to apply for the Emergency Relief Program (ERP). An estimated $3.2 billion in funding was allocated by Congress to cover …

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5 Traits Found in Resilient Producers

By Pinion Editorial | July 26, 2024
Reading Time: 5 minutesWhat keeps a farmer in business through droughts, rising costs, falling prices and other invisible struggles? What helps you weather through? “As an Ag marketing and risk management advisor who’s been around the block (more than a few dozen times), I’ve had the benefit of having had thousands of honest conversations …

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Decrypting Pig Butchering Scams in the Financial Sector:

By Pinion Editorial | July 25, 2024
Reading Time: 3 minutesThe term ‘pig butchering’ may seem out of place in finance, but it aptly describes a new type of cryptocurrency scam that blends social engineering with investment fraud. Much like fattening up a pig before slaughter, scammers build a relationship with their target over time before convincing them to invest …

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What’s New in Kansas Taxes for 2024?

By Pinion Editorial | July 25, 2024
Reading Time: 2 minutesOn June 21, 2024, Kansas Governor Laura Kelly signed into law Senate Bill 1 (SB 1), which includes a reduction in income tax rates for Kansas Privilege Tax, effective with the 2024 tax year. If you’re a financial institution calculating income tax provisions or recording deferred taxes (including those on …

Read moreWhat’s New in Kansas Taxes for 2024?

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