Raddon Report

Raddon Report

Wednesday, November 28, 2018
Jan Trifts

So many Raddon Report readers appreciated and shared my previous list of steps to retain deposits that I have created a new list of seven tactics and strategies. I hope you will find value in these ideas as well.

Thursday, October 11, 2018
Jan Trifts

A major topic of conversation at the September 2018 Performance Analytics workshops was the need for financial institutions to focus on deposit retention. Loan growth (9.9 percent) continues to outpace deposit growth (5.8 percent) as loan-to-deposit ratios increase. The average loan-to-deposit ratio is now in the mid-80s (a number of financial institutions exceed 100 percent).

Thursday, August 23, 2018
Andrew Vahrenkamp

We are approaching strategic planning season again, and the competitive environment has not simplified for most financial institutions.  This business never seems to get easier, does it?  As institutions try to balance growth and profitability, here are five big questions to consider.  To get our full insights in each of these areas and much more, consider attending our second annual Raddon Conference this November 5-7 in Chicago!

Thursday, July 19, 2018
Greg Ulankiewicz

In June, Raddon hosted its quarterly workshops for participants in the Performance Analytics program.  These workshops provide a forum for financial services executives, senior leadership, managers and department personnel to discuss the latest industry issues and assess their organization’s performance through the program’s peer benchmarks, trend analysis and customer segmentation schemes. 

Wednesday, May 23, 2018
Andrew Vahrenkamp

Free checking is dying.  Banks are reducing their branch networks, with 93% of the closures occurring in zip codes with below-average incomes.  Transitioning to digital channels is leaving those Americans without access to technology behind.  As we noted last year,

Thursday, May 10, 2018
Lynne Cornelison

I once heard someone say, big goals get big results, no goals get no results.  I’m paraphrasing, but the essence of the statement has always stuck with me, especially when researching Raddon’s recent publication, Effectively Serving the Hispanic Market

Thursday, May 3, 2018
Marcus Rothaar

Raddon recently wrapped up another round of workshops for participants in our Performance Analytics program. More than 1500 financial services executives attend these sessions each year to collaborate with peers and discuss strategies to improve performance.

Wednesday, March 14, 2018
Andrew Vahrenkamp

The Federal Reserve has raised the Fed Funds rates multiple times over the past two years.  Banks and credit unions have so far resisted raising their deposit rates to match, but are consumers eagerly paying attention, waiting for those rates to shoot up?

Friday, February 16, 2018
Karen Kislin

Don’t wait for the day your deposit dollars walk out the door to figure out how to stop them from leaving or how to get them back. Otherwise, you will lose valuable momentum in the wake of heightened deposit competition.

Thursday, February 8, 2018
Bill Handel

Early in 2017 we compiled our predictions for the upcoming year.  These were a mix of economic and industry predictions.  How accurate were these predictions? 
As it turns out, we were mostly on the mark in our predictions, at least in terms of direction if not always in magnitude.  Here is a review of our 2017 predictions and an assessment of the accuracy of each.

Thursday, January 25, 2018
Greg Ulankiewicz

In December, Raddon held its quarterly seminars for participants in the Performance Analytics program.  This program provides financial institutions with comprehensive analytics and peer benchmarks that measure performance across all areas of the organization and helps guide strategic initiatives.  The workshops facilitate a review of the latest research findings and offer a platform for discussing how financial institutions can respond to the challenges they face today.

Thursday, October 26, 2017
Greg Ulankiewicz

Earlier this year, the Fed implemented two rate increases and appears poised for another increase at the end of this year.  With rising rates and improved loan to deposit ratios that have more institutions looking for funds, it’s fair to say that deposits are squarely back on the radar.  At Raddon, we’ve been talking with our clients about the implications of the changing environment and how to prepare for the coming challenges.   The first and most obvious takeaway is that:

Thursday, August 3, 2017
Andrew Vahrenkamp

On a regular basis, experts of all sorts take to the media to chastise “the kids” for being immature and frivolous. To hear them tell it, Millennials are destroying the very fabric of civilization.  When not mocking them for participation ribbons (of which, as a Gen X kid, I have a vast collection), the experts are blaming Millennials for not saving enough, for spending uncontrollably, and for not adequately considering their future. 

Tuesday, June 27, 2017
Patrick Bator (Retired)

The banking industry continues to look for more precise uses of data to know and better serve consumers. As part of Raddon’s mission to study demographics and consumer behavior patterns, including product usage and spending habits, we regularly look at consumers’ future financial goals.

Thursday, April 27, 2017
Lynne Cornelison

A Raddon Research Insights recent study, Deposit Growth Strategies in a Rising Rate Environment, explores the unique dynamic with which many financial institutions find themselves challenged; growing deposits in a cost-effective manner without alienating their high-deposit balance households.  In an environment in which consumers are beginning to see an increasing array of options, this challenge is not an easy one.

Thursday, April 13, 2017
Greg Ulankiewicz

In March, Raddon held its quarterly seminars for participants in the Performance Analytics program – formerly known as CEO Strategies Group.  This program provides financial institutions with comprehensive analytics that measure performance across all areas of the organization and helps guide strategic initiatives. 

Wednesday, February 8, 2017
Bob O'Meara (Retired)

The Federal Reserve’s decision to begin a more consistent upward movement in interest rates is likely to have a significant impact on the deposit portfolios of financial institutions. Back in March, we posted a piece about the accumulation of liquid deposit dollars at financial institutions nationwide. Figure 1 shows that consumers have added $5 trillion to checking, savings, and money market accounts since 2008. Raddon Research Insights asked consumers about these savings accumulations and what type of interest rates it will take to start the flow of funds out of these accounts.