CFO Analyst can help you devise, upgrade, and tailor your financial systems to meet key common objectives. CFO Analyst is committed to helping with the more tactical or technical part, helping you ensure that strategies can and are meeting key financial objectives:

Improve your bank’s net interest margin. Either growing loans and investment yields or lowering your cost of funds while maintaining a reasonable level of interest rate risk. As you might imagine this improvement could come with increased volume (loan to deposits) or better yields, or a combination of both. At a minimum the annual budget should be evaluating possible improvements and tracked to determine whether objectives are hit. Interest rate risk should be monitored as well.

Operate your bank on a more efficient basis. This is a big one that gives banks a long term strategic advantage as the cost to operate your bank cannot usually be changed drastically in the short run. Banks that have a lower cost to operate relative to their assets can afford to invest in new technologies, hire better staff, develop new products and services, etc. Sometimes banks can grow into their cost structure moving from inefficient to efficient relative to their peers. Success here would seem to revolve around good long-term planning and investment decisions.

Grow your bank. . You can of course grow your bank organically by attracting more loan and deposit customers, or increasing your business from existing customers. In this day and age banks, even community banks, are increasingly looking at mergers and acquisitions to grow as well. Hopefully growth can be accomplished in a manner that improves a banks efficiency, e.g. operating costs relative to operating profit.