CBMW Potpourri
The professional baseball team logo you can have on one of our credit cards.
What is the St Louis Cardinals?
This is the total number of staff, including managers, that support the bank operations and loan operations of Central Bank of the Midwest.
What is 26?
If the operations team were on a football team, this is the position they would play.
What is the offensive line?
Federal regulatory agency that reviews the credit quality of Central Bank.
What is the FDIC (Federal Deposit Insurance Corporation)?
As opposed to a loss reserve, this figure represents the Bank's actual loss on a loan after all collection efforts from collateral or guarantees is exhausted.
What is a Net Charge Off (NCO)?
This is the them of the next Employee Rally.
What is Casino Royale?
The total number of CBMW branches.
What is 49?
The team that provides guidance on regulatory requirements.
What is the Compliance team?
The average business development time for a new C&I relationship.
What is 1 1/2 years?
This is the most risk-free form of collateral.
What is a blocked cash deposit account held in the bank?
The original tenant at 291.
Who is Dr. Sue Higgins?
The total number of banks that CBMW acquired in 2020.
What is 1? PVB. BankLiberty was in 2019.
This is one of the documents or steps we take to secure a CD for a loan.
What is a control agreement or what is placing a hold on the CD?
These are the three legs of the "Credit Stool".
What are Cash Flow, Collateral, and Guaranty?
Central Bank's Provisions for Losses for 2023.
What is $16.25 million?
This is the award Brian won at the 2021 Employee Rally.
What is the Butterfinger Award?
This is the number of banks that have failed since 2020.
What is 9?
This is an example of an early warning indicator of financial distress that a bank can monitor.
What is NSFs, ODs, non-paid RE taxes, and exceptions?
This provision within bankruptcy law allows filers to protect some or all of the equity in their homes depending upon the state they reside.
What is a homestead exemption?
The SBA will typically only enforce this default provision in an SBA loan.
What is payment default?
This is Christina's goal at work.
What is to be the meanest person in the Bank?
This size of Colleen's crossword puzzle hanging in her office.
What is 7' x 7'?
The role that our Operations team plays when taking requests from internal customers.
What is 'gatekeeper'?
The risk rating of a loan determines this cost to the bank.
When a loan balance is written off due to the belief it will not be repaid, this impacts what section of the Bank's balance sheet?
What is the loss provision or bad debt allowance?