Surprising regional bankers survey
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Source: 2008 Community Banks in the 10th Federal Reserve District
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Maintaining credit quality is among the least significant challenges over the next five years for bankers in Oklahoma and other states in the 10th Federal Reserve District, according to a recent survey. (link to pdf file) According to the survey methodology, 22 percent of the 401 banks that responded to the survey were in Oklahoma. Banks in Colorado, Kansas, Missouri, Nebraska, New Mexico and Wyoming also participated.
That surprising finding was part of a recent report on the state of banking in Oklahoma presented by an official with the 10th Federal Reserve Bank of Kansas City. Credit quality is not as much of an issue for many regional banks as it has been for some banks in areas battered by the subprime mortgage fallout. But credit quality was well behind even the 11th most significant challenge cited by the area bankers. It trailed such hot-button issues as an aging customer base and lack of diversification earnings.
To be fair, a majority of respondents described credit quality as a “moderate” challenge for the next five years. But I suspect if the survey was administered this week, the significance of maintaining credit quality might rank a bit higher.
Don Mecoy
Business Writer
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