October 2020 Community Bank Newsletter

We are pleased to present our second Newsletter geared exclusively to Alabama’s Community Banks.  Our goal is to provide monthly updates on Community Bank M&A, industry issues and our local economy. We hope you find it useful.

Despite the pandemic, another strong quarter for Alabama Community Banks, as declining NIM was largely offset by reduced credit provisions and improving fee generation from loan sales, mortgage originations and increasing Service Fees from very low Q2 levels.  Continued strong credit metrics in Q3, with PPP adjusted ALLL reserves to loans at a healthy 1.40%, and PPP adjusted leverage at 11.1%.

Click here for the newsletter in PDF.

Please email Mike Murphey with any questions/comments.

For more information on Porter White’s community bank practice, please click here.