Pinion Insights: Posts from category

Financial Institutions

family farms

Kansas Bankers Association March on D.C. Top Takeaways

By Pinion Editorial | October 20, 2022
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Reading Time: 4 minutes
This past September, the Kansas Bankers Association (KBA) leaders participated in a march on Washington, D.C. to advocate for the banking community. As a graduate of the KBA Bank Leaders of Kansas (BLOK) group, Pinion’s Heather Campbell joined the march and the week of meetings and discussions with various bank …

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bonus depreciation

100% Bonus Depreciation: Important Changes Coming January 1, 2023

By Pinion Editorial | October 20, 2022
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Reading Time: < 1 minute
As we head into tax planning season, you need to be aware of important changes coming to bonus depreciation coming January 1, 2023. The Tax Cuts and Jobs Act (TCJA) has allowed banks to take 100% bonus depreciation on qualified property both acquired and placed in service after September 27, …

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cybersecurity

Updated Cybersecurity Resource for Community Banks

By Pinion Editorial | October 5, 2022
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Reading Time: 3 minutes
It may not be the top item on your daily agenda, but tightening and maintaining security controls is imperative, and should be something you evaluate regularly.  Just ahead of the annual ‘Cybersecurity Month’ reminder, the FFIEC released an update to their Cybersecurity Resource Guide for Financial Institutions with the purpose of …

Read moreUpdated Cybersecurity Resource for Community Banks

transactions

Potential Scrutiny Around Re-presented Transactions

By Pinion Editorial | July 11, 2022
Reading Time: < 1 minute
In case you haven’t heard, the FDIC recently has been scrutinizing how banks are treating single transactions that are repeatedly rejected for insufficient funds.  Guidelines for Insufficient Funds and Fees Financial institutions may charge a non-sufficient funds (NSF) fee when a charge is presented for payment but cannot be covered …

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5 Ways Community Banks Can Recruit and Retain Talent

5 Ways Financial Institutions Can Recruit and Retain Talent

By Pinion Editorial | July 11, 2022
Reading Time: 2 minutes
Like many industries, financial institutions are fighting to recruit and retain talent in this tight labor market. Pinion’s community banking advisors have compiled the following strategies for attracting and retaining talent. 1. Implement Flexible Work Options Strategy:  Be realistic and accommodating. Working remotely and/or finding opportunities where there is scheduling …

Read more5 Ways Financial Institutions Can Recruit and Retain Talent

Community Banking Tips

Community Banking Tips, Trends, and Takeaways from 2022 Events

By Pinion Editorial | July 6, 2022
Reading Time: 3 minutes
The Pinion Community Banking team members have attended several conferences and trainings over the past month.  I just wanted to share with you a few of the highlights that stood out to us from the OBA Annual Convention, MBA Annual Convention, and the KBA Legal Update. Be prepared for what’s …

Read moreCommunity Banking Tips, Trends, and Takeaways from 2022 Events

TEFRA

TEFRA Tax Disallowance

By Pinion Editorial | July 1, 2022
Reading Time: < 1 minute
We’ve been seeing more activity with community banks purchasing non-bank qualified bonds.  It’s important to remember the tax consequences of purchasing these bonds.  For both S Corps and C Corps, the TEFRA penalty applies.  The penalty results in an interest expense disallowance equal to 100% of the proportionate amount of …

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