Archives: August 4, 2006
Kamradt Promoted at ATEL Capital Group

James A. Kamradt

“Jim has been with ATEL for almost 10 years, holding increasingly responsible positions over this period, most recently SVP-Operations with ATEL Leasing Corporation. He brings a wealth of leasing industry experience to this position, with over 23 years in the business.”

Prior to joining ATEL, Jim was employed by Phoenix Leasing and Dana Commercial Credit Corporation, where he was the founding facilitator of a Quality Program that ultimately won the Malcolm Baldridge Award. Jim holds an MBA from the University of California at Berkeley and has been an adjunct professor at Dominican University of California.

TODAY

Jim Kamradt
Executive Vice President & National Sales Manager
ATEL Securities Corporation
https://www.linkedin.com/pub/jim-kamradt/0/97b/7a6

 

 

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#### Press Release ############################

ATEL Capital Group Secures Half a Billion Dollars
of Institutional Equity

San Francisco, CA. - ATEL Capital Group has successfully launched several new private institutional funds generating commitments of $500MM of equity.  This capital will be invested in low-tech equipment operating leases with high quality corporate credits and Fortune 1000 companies in 2015-2016.  

Dean Cash
Chairman/CEO
ATEL Capital Group

“This increased equity capital will allow us to double our funding of true leases to our customers over the next 18 months,” said Dean Cash, Chairman and CEO of ATEL Capital Group.  “As the economy has gone through economic ups and downs over the last 40 years, ATEL has been and remains a consistent funding source for American industry during all business cycles.”   

In advance of this new capital, ATEL Leasing Corporation expanded its lease origination and syndication teams with experienced, high-level producers in Q1 and Q2 of this year.

Ken Fosina
EVP
ATEL Leasing Corporation

 “Our momentum with direct customer relationships and through capital markets perfectly aligns with the growth of our institutional investor programs allowing us to increase the size of our equipment lease portfolio,” said Ken Fosina, EVP ATEL Leasing Corporation. 
 
ATEL Capital Group is an international financial services company that offers its clients a wide array of financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management. Since its inception, ATEL has sponsored sixteen publicly registered funds, as well as numerous private retail and institutional investment programs. ATEL's family of retail Funds have attracted over 50,000 investors since ATEL's first public program was created in 1986.

Additional information about ATEL Capital Group can be found on the Company's web site at www.atel.com

#### Press Release #############################

 

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Joins
Funders Looking for New Broker Business List

Timepayment Corp (Subsidiary of Microfinancial Corp.) Burlington, Massachusetts  1989 Contact Vince Faino vince.faino@timepayment.com  877-868-3800 x7002  www.timepayment.com/lease-brokers   NAELB

175

Nationwide

$500 to $100,000

BBB

Y

N

N

N

Y

 

A -Accepts Broker Business | B -Requires Broker be Licensed
| C -Sub-Broker Program| D -"Private label Program"
| E - Also "in house" salesmen

full List
Funders Looking for New Broker Business
http://www.leasingnews.org/Funders_Only/New_Broker.htm

 

(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

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New Hires---Promotions in the Leasing Business
and Related Industries

Craig R. Dahl, vice chairman and president, will succeed William A. Cooper as chief executive officer effective January 1, 2016, TCF Equipment Finance. Cooper will remain chairman through 2017. "He joined TCF in 1999 as president and chief executive officer of TCF Equipment Finance, Inc. and later was named president and chief executive officer of Winthrop Resources Corporation. He began serving as vice chairman of TCF in 2012 and was promoted to president in 2015. Dahl currently oversees TCF’s six lending businesses, Retail Banking and information technology. Prior to joining TCF, he held a number of leadership positions with a major financial services company for 22 years. Dahl holds a bachelor’s degree in political economics from Princeton University and is a native of International Falls, Minnesota."

Paul Knowlton, CLFP, was hired as National Program Manager - Equipment Finance Bank of the West, San Francisco Bay Area. Previously, he was  Vice President - Senior Client Advisor at Union Bank (February, 2013 -September, 2015); Vice-President-Principal Business Relationship Manager (August, 2009-January, 2012), Director of Commercial Finance, Clean Power Finance (November, 2008-August, 2009), Managing Director, Equipment Finance, First Republic Bank (April, 1998-June, 2008), Western Division Manager, Winthrop Resources (1994-1998), Regional Manager, LeasePartners (1992-1994), NW Regional Manager, Textron Financial, Credit Examiner, US Bank (1984-1987)University of Oregon BS, Finance (1979 – 1984) Activities and Societies: Vice President - Sigma Chi Fraternity, Lacrosse Team. Past President, National Equipment Finance Association. Member: Certified Leasing Professional Foundation.
http://www.linkedin.com/pub/paul-knowlton/a/7b5/581

Richard D. Morford was hired as Managing Director at ZRG Partners, LLC, working out of the ZRG Corporate Headquarters in Rochelle Park, New Jersey. Previously, he was Principal, RSVP Group US, Inc. (April, 2008 – August, 2015); Principal, Edward W. Kelley & Partners (September, 2007 – April, 2008); Client Partner, Korn/Ferry International (April, 2005 – September, 2007); VP Sales & Marketing, DSM Fine Chemicals (1996 – 2002); General Manager, Tire & Rubber Chemicals, (1984 – 1996); Technical Sales Representative, FMC BioPolymer (August, 1982 – September, 1984). Languages: French. Education: Fairleigh Dickinson University-Florham Campus, MBA, Chemical Marketing (1980 – 1985); Brown University, AB, Biological Sciences (1971 – 1975).
https://www.linkedin.com/pub/richard-d-morford/5/275/299

Derek Nutley was promoted to Senior Relationship Manager at Funding Circle US, San Francisco, California. He joined the firm May, 2014, as Business Development Manager, Broker Market.  Previously, he was Strategic Account Manager, CHG-MERIDIAN (February, 2012 – May, 2014); Strategic Account Manager, Lenovo Financial Services (October, 2010 – December, 2011); Strategic Account Manager, ECS UK Plc, technology finance division of the Société Générale, Banking Group (September, 2008 – October, 2010); Sales Manager, Syscap (June, 2001 – July, 2008). Languages: Afrikaans. Education:
Hopwood Hall College, Advanced Diploma in Marketing (1997 – 1999);
Stirling High School, Matric Exemption (1990 – 1994); Stirling Primary School (1985 – 1989).
https://www.linkedin.com/in/dereknutley 

Jessica (Appleby) Rascionato was hired as Head of Portfolio Management for Corporate Bank, Citizens Bank, based in Boston, Massachusetts, "responsible for overall underwriting and ongoing portfolio management of the bank’s middle market and mid-corporate and industry verticals businesses."  Previously, she was with GE Capital, starting in 2002 as Associate, Underwriting, GE Capital Structured Finance Group; promoted 2004 as Assistant Vice President, Underwriting, GE Capital Aviation Services (GECAS); promoted to Vice President Underwriting.  January, 2010, promoted to Risk Manager, Underwriting, GE Capital; June, 2012, Industry Verticals Risk Leader; promoted February, 2014, Chief Credit Officer, Corporate Finance Equipment, GE Capital.  Previously, she was Assistant Treasurer, Leveraged Finance Group Mizuho Corporate Bank (1998-2000); Bilingual Credit Analyst, Foreign Corporate Group, Societe Generale (1997 – 1998). Languages: English, French, Italian, Russian. Volunteer Experience & Causes: Norwalk Open Door Shelter Annual Adopt-a-Family Gift Campaign, Norwalk Open Door Shelter, December 2012 – Present. Social Services Volunteer, Email PenPal with 5th Grade Students, GE Capital ePALs Program (September, 2010 – Present). Volunteer, Jefferson Science Magnet School, September 2010. Education: Columbia University - Columbia Business School, MBA, Finance (2000 – 2002). Georgetown University, BS, French (1991 – 1995). Université Lumière (Lyon II), N/A, Art History (1993 – 1994). Marshwood High School (1987 – 1991).
https://www.linkedin.com/pub/jessica-rascionato/b/3a8/b93

Steven Schuit was hired as Director of Underwriting, EverBank Commercial Finance.  Previously, he was Vice President, Portfolio Webster Business Credit Corp. (June, 2012 – July, 2015); Senior Consultant, Management Services Consultants LLC (2009 – 2012); Vice President, Healthcare Finance Group (2007 – 2009); Vice President,  Senior Team Leader, CIT Group, Inc. (2000 – 2007); Assistant Vice President, Congress Financial Corporation (1996 – 2000). Education: Adelphi University, Bachelors of Business Administration, Accounting (1986 – 1989). Activities and Societies: Secretary - Accounting Society 1988/1989 Recipient, Geico Achievement Award (1988).
https://www.linkedin.com/pub/steven-schuit/12/870/5bb

Ronnie Sussman was hired as Underwriter EverBank Business Credit. Previously, she was Business Development Officer, Coral Capital Solutions (December, 2013 – July, 2015); Vice President, Business Development, Star Funding, Inc. (September, 2012 – November, 2013); Director, Publishing Analytics, Director, Direct to Customer Marketing, Wolters Kluwer Health (2010 – 2012); Vice President, Marketing, National City Bank (2008 – 2009); Vice President, Marketing Commercial Retail Finance, LaSalle Bank/ABN AMRO Bank N.V. (2004 – 2008); Vice President, Business Development Factoring Division, GMAC (2003 – 2004); Director Business, Development, Business Development Manager, Platinum Funding Corp. (2000 – 2003); Business Planning Manager/ Account Finance Manager/ Category Management, Nabisco Biscuit Company (1995 – 2000). Organizations: Turnaround Management Association, NY Chapter, Commercial Finance Association; NY Chapter, Association for Corporate Growth; NY Chapter, International Factoring Association, Beta Gamma Sigma Honor Society, Women in Commercial Finance, CFA Committee Member. Education: Rollins College - Crummer Graduate School of Business, Master of Business Administration (M.B.A.), Finance, Business Management, Dual Concentration, 4.0. Valedictorian. Activities and Societies: Beta Gamma Sigma Honor Society. Cornell University, Bachelor of Science (B.S.), Business Management. Dean's List.
https://www.linkedin.com/in/ronniesussman

David R. Young was hired as Enterprise Sales Director, eOriginals, Baltimore, Maryland. He previously was "...Vice-President of Sales and Business Development for North America, Europe, and Latin America for MasterCard Advisors. Prior to his time with MasterCard, Young held executive sales positions with FICO, Fannie Mae and Standard & Poor’s...He holds a Bachelor’s of Science in Business Administration/Marketing from State University of New York at Oswego.”

 

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Oregon's Mark Wada Joins 25 Most Influential Lawyers
in Equipment Finance and Leasing

Mark Wada, founding shareholder of the Portland, Oregon law firm Farleigh Wada Witt, has been listed in Oregon Super Lawyers for the tenth consecutive year in the specialty area of banking and finance. And for the seventh year in a row Mark was selected by his peers for inclusion in The Best Lawyers in America for banking and finance law. Mark has expertise in representing banks, commercial lenders, equipment lessors, private equity funds, and other financial service providers. Representation of lenders in commercial loans and leases to high tech companies, including intellectual property security agreements and warrant terms. Representation of numerous commercial lenders and lessors in workouts, collateral liquidations, collection matters and sales of individual loans and portfolios.

In 2010, he was appointed to serve a three-year term on the Equipment Leasing and Finance Association Legal Committee. He is past-president of the Oregon Law Foundation and Campaign for Equal Justice, and has served as a member of the Executive Committee of the Oregon State Bar Debtor-Creditor Section, the Board of Directors of the Multnomah Bar Association, as well as its treasurer, representative to the American Bar Association House of Delegates, and the Board of Directors and Executive Committee of the United Cerebral Palsy Association of Oregon and Southwest Washington.

List to Date

Stewart Abramson
Andrew Alper
Thomas V. Askounis
Julie Babcock
Joe Bonanno, CLFP
Bill Carey
James Coston, CLFP
Jonathan Fleisher
Kenneth Charles Greene, Esq.
Michael A. Leichtling
Malcolm C. Lindquist 
Barry Marks, Esq., CLFP
David G. Mayer
Frank Peretore
John G. Sinodis 
Ellen Michelle Stern
Mark Stout
Kevin Trabaris
Michael J. Witt
Irwin Wittlin

Our Legal Editor, Tom McCurnin, has recused himself
from any nominations.

Leasing News is looking for nominations for the Top 25 most preeminent lawyers in the finance and leasing business who are still active. This is not a popularity contest or who was the most beneficial, but most influential. We would like a nomination and a minimum of a paragraph of the reasons you consider this person one of the top 25.

"Influential" as "a person whose actions and opinions strongly influence the course of events." "Preeminent" is "eminent above or before others; superior; surpassing:" {Online Dictionary}

Please email nominations to kitmenkin@leasingnews.org

Leasing Industry Help Wanted

 

Press Release

WE'RE HIRING at Our Minneapolis Headquarters Credit Manager This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More Collections Representative This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More Please email cover letter and resume to: careers@channelpartnersllc.com

 

Join Our Incredible Sales Team The right candidate will have 5+ years of sales experience in the equipment finance industry, current relationships and opportunities, and experience originating, building, and managing vendor programs. For more information, and to find out if Quail is a good fit for you, click here. www.quailfinancialsolutions.com

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

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Leasing Conferences 2015
Save the Date 

 

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2015 Eastern Regional Meeting
September 11-12, 2015
Atlanta Marriott Marquis
Atlanta, GA

Exhibitors:

360 Equipment Finance
Amerisource Funding
Bankers Capital
Blue Bridge Financial LLC
Bryn Mawr Funding
Channel Partners Capital
CLFP Foundation
Equipment Data Associates (EDA)
Financial Pacific Leasing, Inc.
First Federal Leasing
Fora Financial
Huntington Technology Finance
InstaCOVER
Marlin Business Services Corp.
Maxim Commercial Capital
NCMIC Finance Corporation
North Mill Equipment Financing LLC
Pacific Western Equipment Finance
Pawnee Leasing Corporation
Preferred Business Solutions
Quality Leasing Co., Inc.
RapidAdvance
RLC Funding
TEAM Funding Solutions
TradeRiver USA
VFI Corporate Finance
World Business Lenders

In addition, non-members who attend will get 50%
of Conference Registration Fee towards the cost of dues
if they join NAELB with 30 days of the conference.

Registration Fees:
Broker Member: $125.00
Additional Broker Member: $115.00
Associate Member: $260.00
Additional Associate Member: $200.00
Funder Member: $260.00
Additional Funder Member: $200.00

Broker Non-Member: $200.00
Associate Non-Member: $360.00
Funder Non-Member: $360.00

Dwight Galloway
SVP Broker Funding
RLC Funding
Columbia, South Carolina

Dwight Galloway will be covering the conference for
 Leasing News with a report to follow for readers not attending..

"Registration is now open to join your fellow leasing professionals for the NAELB 2015 Eastern Regional Meeting to be held September 11th and 12th in Atlanta, Georgia. With one and a half days of educational sessions, exhibits and networking, the Eastern Regional Meeting is a wonderful opportunity to connect with your peers and learn new and innovative ways to grow your business."

Registration/Agenda/Showcase/Exhibits

Partial Agenda:

STATE OF THE INDUSTRY
Panel will include: Matt Evans, Marks & Associates, P.C., Brian Huey, LeaseSource Financial Services, Inc., Joe Leonard, Oakmont Capital Services, Mike Miller, NCMIC Finance Corporation, Matt Mosley, Financial Pacific Leasing, Inc.

THE NAELB VALUE PROPOSITION
      Sheri Bancroft, Mike Parker and Pete Sawyer, NAELB Board Members

BUILDING A STRONGER BROKER COMMUNITY
Scott Wheeler, Wheeler Business Consulting
Author of “Call to Action”
His new book will be available to purchase

MARKETING TACTICS
Jacklynn Manning, Fora Financial

EXPLORING ALTERNATIVE REVENUE SOLUTIONS
Panel will include: Chuck Brazier, TradeRiver USA (Supply Chain Finance), Beth Malin, Pinnacle Specialty Capital (Factoring and Purchase Order Finance), Jeff Schubert, RapidAdvance (Working Capital Loans) and Chris Mitchell, Hitachi Business Finance (Asset Based Lending) This session will introduce the equipment professional to a myriad of alternative forms of financing and show how these products can benefit both the equipment finance professional and their clients. Each of the lenders on this panel has a different solution for helping a client’s cash flow. They will highlight opportunities for increasing the broker’s revenue and enhancing the overall client relationship by positioning the broker as a single source for all of their client’s financial needs, while simultaneously providing additional options to help close more equipment deals. Presenters will be given 10 minutes each to discuss the products in a purely informational format and ten minutes for questions will be provided.

ACKAGING FOR SUCCESS/ANALYZING FINANCIAL STATEMENTS
Chris Knauf, Knauf Consulting & Joe Upson, Heritage Global Capital
This session will provide comprehensive, educational information to assist you in closing more transactions by teaching you to prepare solid packages and submitting them to funders in formats that will better guarantee approvals. Topics will include help in identifying funder specialties, required documents and formats. The second portion of this session will provide
detailed information to help you become more knowledgeable in analyzing financial statements.

 

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Canadian Finance and Leasing Association
 Annual Conference 2015
September 16 - 18, 2015
Gatineau - Ottawa

Hugh Swandel
Senior Managing Director - Canada
The Alta Group

Hugh Swandel, who will be making a presentation at
the conference, will be writing a report for Leasing News readers/

Registration
https://www.cfla-acfl.ca/2015/06/22/registration-for-cfla-2015-national-conference/

Program
https://www.cfla-acfl.ca/files/public/CFLA_Conference_2015-Program.pdf

Hilton Hotel Registration
http://www.hilton.com/en/hi/groups/personalized/Y/YOWOVHF-CRB-20150914/index.jhtml?WT.mc_id=POG

 

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The Women in Leasing LinkedIn Group would like to cordially invite you to our October luncheon at Season’s 52 in Buckhead (Atlanta), Georgia on Wednesday October 7th, from 1:00pm – 3:30pm. The lunch is being co-sponsored by ECS Financial Services and Financial Pacific Leasing.

Space is limited to 40 attendees so if you would like to attend please RSVP no later than September 15th to Shari Lipski at 847.897.1711 or via email SLipski@ECSFinancial.com.

If you plan on attending the 2015 NEFA Funding Symposium, the restaurant is about two miles from the host hotel. 

2015 Funding Symposium
10/7/2015 to 10/9/2015
Wed through Friday
J W Marriott Atlanta Buckhead Hotel
3300 Lenox Road Northeast
Atlanta, Georgia  30326
United States
Contact: Kim King 
KKing@NEFAssociation.org
Phone: 847-380-5053

Full Information including pricing, schedule, and reservation:
http://nefassociation.site-ym.com/events/event_details.asp?id=594672&group=#

 

Dwight Galloway
SVP Broker Funding
RLC Funding
Columbia, South Carolina

Dwight Galloway will be covering the conference for
 Leasing News with a report to follow for readers not attending.

 

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2015 54th Annual Convention
10/25/2015 - 10/27/2015
JW Marriott Hill Country
San Antonio, TX

703 individuals signed to attend to date with 
seven weeks to go.

Attendees
http://www.elfaonline.org/events/2015/AC/attend.cfm

Brochure with Schedule of Events
http://www.elfaonline.org/cvweb_elfa/cgi-bin/documentdll.dll/view?DOCUMENTNUM=1147

Keynote Speakers
http://www.elfaonline.org/events/2015/AC/spkrs.cfm

ELFA President and CEO Woody Sutton invites you 
to connect, engage and grow in San Antonio! (1:43)

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The 2015 Fall Conference will be held at the Loews Don CeSar Hotel in St. Pete Beach, FL on November 4 through November 6, 2015. 

 

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2015 Western Regional Meeting
November 13-14, 2015
Doubletree by Hilton Anaheim - Orange County
Anaheim, CA

 

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CFA
71st Annual Convention
November 11 - 13, 2015
JW Marriott Austin
Austin, TX

More Information
http://cfa.connectedcommunity.org/convention/home

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EXPO NJ Super Regional
11/15/2015 to 11/16/2015
Sunday/Monday

Teaneck Marriott at Glenpointe
100 Frank Burr Blvd
Teaneck, New Jersey  07666
United States  

Contact:
 Kim King, NEFA Sr. Association Coordinator 
KKing@NEFAssociation.org 
 Phone: (847) 380-5053

 

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ELFA Release Two Financial Models
on Two Proposed Lease Accounting Changes

The Equipment Leasing and Finance Association has released two Lease Capitalization Calculators. These are available that calculate the estimated impact of applying the proposed new lease accounting rules for lessees. One is a FASB version and one is an IASB version.

It appears the FASB model will be adopted in the United States and the IASB in Europe basically.  How this affects international companies working in both geographies is yet to be determined.

FASB
http://www.elfaonline.org/issues/accounting/pdfs/
LeaseAccountingChangeCalculatorFASB2015.pdf

IASB

http://www.elfaonline.org/issues/accounting/pdfs/
LeaseAccountingChangeCalculatorIASB2015.pdf

Beige Book Says US Economy Still Growing
Time Period is Just Before Stock Market Decline

http://leasingnews.org/items/beige_book2014.jpg

The Beige Book is published two weeks before each Fed policy announcement and forms some of the basis for discussion about the economy at the two-day Federal Open Market Committee meeting. The report was concluded on August 24 and misses the downside of the global stock market.

Good News: The period before the turmoil shows continued growth with the economy expanding.

 

Banking and Finance
"Reports on banking activity were mostly positive during the reporting period. Overall loan demand increased in most reporting Districts, with the exception of mixed demand in Chicago and steady demand in Kansas City. Growth in loan activity in other Districts ranged from slight in Richmond to moderate in Philadelphia and St. Louis. Though contacts in Atlanta reported moderate growth, bankers in some parts of the District reported a slowdown in lending tied to the energy sector. Commercial and industrial loan demand improved in Philadelphia, Cleveland, and St. Louis, though it was categorized as steady in Kansas City and Dallas and mixed in Richmond...Credit conditions remained stable or improved across Districts. Delinquency rates declined across all loan categories in the New York, St. Louis, and San Francisco Districts. Credit standards were largely unchanged, with a few exceptions in the Richmond and St. Louis Districts who noted tightening standards. Contacts in Boston, Atlanta, and Chicago, reported competition among lenders for loans. Bankers in New York, Cleveland, and San Francisco reported narrow net interest margins."

Full Report

Summary

• Boston
• New York
• Philadelphia
• Cleveland
• Richmond
• Atlanta
• Chicago
• St. Louis
• Minneapolis
• Kansas City
• Dallas
• San Francisco
  

 

Receivables Management LLC John Kenny • End of Lease Negotiations & Enforcement  • Third-Party Commercial Collections john@jkrmdirect.com | ph 315-866-1167 www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

 

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##### Press Release ############################

Community Bank Earnings Rise 12 Percent
to $5.3 Billion, FDIC Reports

• Net Operating Revenue of $172.9 Billion is 2.1 Percent Higher Than a Year Ago
• Asset Quality Indicators Show Further Improvement
• Net Interest Margins Remain Under Pressure

FDIC Chairman Martin J. Gruenberg

"The banking industry — and community banks in particular — had another positive quarter, but challenges remain," FDIC Chairman
Martin J. Gruenberg said.

"Bankers generally reported another quarter of higher earnings, improved asset quality, and increased lending…There were fewer problem banks, and only one bank failed during the second quarter.

"However," he continued, "the low interest-rate environment remains a challenge. Many institutions have responded by acquiring higher-yielding, longer-term assets, but this has left banks more vulnerable to rising interest rates and that is a matter of ongoing supervisory attention."

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in earnings was mainly attributable to a $3.6 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the second quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today.

Of the 6,348 insured institutions in the second quarter of 2015, more than half (58.7 percent) reported year-over-year growth in quarterly earnings. The proportion of banks that were unprofitable during the second quarter fell from 6.8 percent a year earlier to 5.6 percent, the lowest since the first quarter of 2005.

Highlights from the Second Quarter
2015 Quarterly Banking Profile

Net Operating Revenue of $172.9 Billion is 2.1 Percent Higher Than a Year Ago: Loan growth helped lift revenue at most banks, as net interest income rose $2.4 billion (2.3 percent) compared to the second quarter of 2014. Noninterest income was $1.2 billion (1.9 percent) higher as servicing income increased $1.8 billion (63.9 percent) and trading income fell $904 million (14.1 percent).

Community Bank Earnings Rise 12 Percent: The 5,881 insured institutions identified as community banks reported $5.3 billion in net income in the second quarter, an increase of 12 percent from the second quarter of 2014. Net operating revenue of $22.3 billion at community banks was $1.6 billion (8.0 percent) higher than a year earlier.

Asset Quality Indicators Show Further Improvement: Net loan losses declined year-over-year for the 20th consecutive quarter, while noncurrent loan balances declined for a 21st consecutive quarter. Quarterly net charge-offs were $1.1 billion (11.2 percent) lower than a year earlier. The annualized net charge-off rate fell to 0.42 percent from 0.50 percent a year ago and was the lowest quarterly rate since the third quarter of 2006. The amount of loans and leases that were noncurrent (90 days or more past due or in nonaccrual status) declined $8.3 billion (5.4 percent) in the second quarter of 2015.

Net Interest Margins Remain Under Pressure: The average net interest margin (the difference between the average yield on banks' interest-earning investments and the average interest expense of funding those investments) rose to 3.06 percent in the second quarter from 3.02 percent in the first quarter, but remained below the 3.15 percent average in second quarter 2014. Average margins at community banks of 3.57 percent in the second quarter were up from 3.54 percent in the first quarter, but down from 3.61 percent in second quarter 2014.

Loan Growth Remains Steady: Total loan and lease balances increased $185 billion (2.2 percent) during the second quarter. For the 12 months ended June 30, loans and leases increased $437.8 billion (5.4 percent). At community banks, loan balances rose 2.7 percent during the second quarter of 2015 and increased 8.8 percent during the past 12 months.

"Problem List" Continues to Shrink: The number of banks on the FDIC's Problem List fell from 253 to 228 during the second quarter. This is the smallest number of problem banks in nearly seven years and is down dramatically from the peak of 888 in the first quarter of 2011. Total assets of problem banks fell from $60.3 billion to $56.5 billion during the second quarter.

Deposit Insurance Fund (DIF) Rises $2.3 Billion to $67.6 Billion: The DIF increased from $65.3 billion in the first quarter to $67.6 billion in the second quarter, largely driven by $2.3 billion in assessment income. The DIF reserve ratio rose from 1.03 percent to 1.06 percent during the quarter.

Full Report with Spreadsheets:
https://www5.fdic.gov/qbp/

### Press Release ############################

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Leasing News: Labor Day Special
By Fernando Croce

With Labor Day coming up next week, we at Leasing News offer a cinematic salute to every man and woman who ever endured a particularly harrowing day at the office. Check out these vintage and modern classics at Netflix.

Metropolis (Fritz Lang, 1927): This silent classic is not only the most influential science-fiction feature ever produced, but also a sort of Holy Grail for serious movie lovers. Ever since it first came out, Fritz Lang's peerless vision of a futuristic society torn between palatial surfaces and oppressed masses has been released in several different versions, none of them quite approaching the entirety of the master director's original version. Thankfully, the latest DVD releases have pieced it back to almost entirely its original length, giving modern audiences a full view of this magnificent tale of visionary struggle. The story features a mad inventor (Rudolf Klein-Rogge) who creates a robotic replica of a prophetess (Brigitte Helm), though the real stars of the film are the astonishing visuals. Watch it, and see where "2001: A Space Odyssey," "Star Wars" and "Blade Runner" came from.

Picnic (Joshua Logan, 1955): Labor Day weekend provides the backdrop for this popular romantic drama, remembered largely for the chemistry between its stars and for its haunting "Moonglow" theme. Based on the play by William Inge, the story takes place in a small Kansas town that's set aflutter by the arrival of handsome drifter Hal Carter (William Holden). While meeting his old fraternity friend (Cliff Robertson) and searching for a new job over the course of the picnic festivities, Hal affects the townspeople in various ways, from the melancholy housewife (Betty Field) to the spinsterish schoolteacher (Rosalind Russell). Most tellingly, he catches the eye of town beauty Madge Owens (Kim Novak). Directed by stage veteran Joshua Logan ("South Pacific"), the movie's vision of lost dreams and youthful rebellion continues to cast a spell.

9 to 5 (Colin Higgins, 1980): Sisters are doin' it for themselves in this beloved comedy, which features three very enjoyable lead performances. Set mainly in a shared corporate office, the story follows the misadventures of a trio of co-workers, Judy (Jane Fonda), Violet (Lily Tomlin), and Doralee (Dolly Parton) struggling in a business filled with back-stabbing and macho bravado. Expected to compete ruthlessly against each other, they instead become close friends and even share their fantasies of getting even with their sleazy boss, Franklin (Dabney Coleman). When a mix-up causes the kidnapping of the boss, the women use his absence to improve work conditions and prove their own leadership skills. Featuring a series of humorous complications as well as Parton's hit song, the movie is an engaging slice of 1980s girl-power.

Erin Brockovich (Steven Soderbergh, 2000): The same year he delivered his Oscar-winning "Traffic," prolific jack-of-all-trades Steven Soderbergh also directed this crowd-pleasing drama based on the real-life story of crusading legal clerk and environmentalist Erin Brockovich. Julia Roberts received a Best Actress Academy Award for her portrayal of Brockovich as a plucky woman determined to get to the bottom of her most important case, representing struggling families on a class action lawsuit against the Pacific Gas and Electric Company. While looking high and low for evidence for her case, Erin must also deal with her tetchy boss Edward (Albert Finney) and be there for her family, including her new beau George (Aaron Eckhart). Crafted with the kind of verve and style often missing from standard biopics, Soderbergh's film is a rousing portrait of working-class perseverance.

Up in the Air (Jason Reitman, 2009): A director with a knack for turning social issues into crowd-pleasing, Oscar-nominated hits, Jason Reitman (“Juno”) tackled the economical crisis in this slick, smooth tale of romance and salvation. Dashing and grave as ever, George Clooney plays Ryan, a devout bachelor whose job involves delivering the bad news to downsized corporate employees. He enjoys the perks of his job, until he meets Natalie (Anna Kendrick), a young upstart who threatens his own position, and Alex (Vera Farmiga), the woman who gives him a taste of his own medicine. Will Ryan reconsider his own attitudes, or will he plunge deeper into a life of suave cynicism? Though taking place in the midst of tough financial times, the movie’s spirits remain high and breezy, making it a Hollywood romantic comedy with a message.

Labrador Retriever
Kailua Kona, Hawaii  Adopt-a-Dog

Ele'ele
ID 126434
Female
42.8 lbs.
Color: Black/Gray
Age: 10 Years Old
Status:
Healthy Adoptable Dog
Animal Location: Kona

Hawaii Island Humane Society
74-5225 Queen Kaahumanu Highway
Kailua Kona Hawaii 96740
808-329-1175

Kona Shelter
Hours of operation: 9 a.m. to 5:30 p.m.
Monday through Saturday.
Closed Sunday's and Holidays.

Address:
Physical: HAWAII ISLAND HUMANE SOCIETY, 74-5225 Queen Kaahumanu Hwy., Kailua Kona, HI 96740
Directions: The Kona shelter is located across from the Police station, next to the Kealakehe Refuse station. If you are approaching from the north, we are located one stop light south of the Harbor. If approaching from the South, we are located the next intersection past Kona Commons. If you would like additional directions, feel free to call the Kona shelter at 329-1175.

Phone number(s):
Main: 808-329-1175
Fax: 808-329-4618

E-mail address(es):
Main: kona@hihs.org

 

Adopt a Pet
http://www.adoptapet.com/

 

News Briefs----

TAB Bank Acquires $54M Trucking Equipment Loan Portfolio From Crossroads Equipment Lease and Finance, LLC
http://www.digitaljournal.com/pr/2663546

Markets are turbulent, but mortgage rates stay about the same
http://www.bankrate.com/finance/mortgages/mortgage-analysis-090315.aspx?ic_\id=Top_Financial%20News%20Center_link_1

Elon Musk reveals Tesla’s mass-market electric car will cost just $35,000
http://nypost.com/2015/09/03/elon-musk-reveals-tesla-model-3-electric-car-will-cost-just-35000/

Walmart via Sam's Club Gets into Car-Selling; 3-day return policy for members’ peace of mind; Powered by TrueCar 10,000 certified dealers
http://www.autoremarketing.com/retail/sams-club-truecar-launch-car-buying-program

U.S. Smartphone Subscriber Market Share comScore Reports July 2015
http://www.comscore.com/Insights/Market-Rankings/comScore-Reports-July-2015

 


[headlines]
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--You May Have Missed It

U.S. and World Population Clock
Statistics Availabe for more than 200 Countries
http://www.census.gov/content/dam/Census/newsroom/releases/2015/cb15-tps69_graphic.jpg

 

[headlines]
--------------------------------------------------------------

SparkPeople--Live Healthier and Longer

Not-Fried Shrimp with Japanese Cocktail Sauce
http://recipes.sparkpeople.com/recipe-detail.asp?recipe=1957565

[headlines]
--------------------------------------------------------------

Baseball Poem

by Rudyard Kipling

If you can keep your head when all about you 
Are losing theirs and blaming it on you; 
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or, being lied about, don't deal in lies,
Or, being hated, don't give way to hating,
And yet don't look too good, nor talk too wise;

If you can dream - and not make dreams your master;
If you can think - and not make thoughts your aim;
If you can meet with triumph and disaster
And treat those two imposters just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to broken,
And stoop and build 'em up with wornout tools;

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on";

If you can talk with crowds and keep your virtue,
Or walk with kings - nor lose the common touch;
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run -
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man my son!

Rudyard Kipling (1865-1936)

Kipling is said to have written the poem 'If' with Dr Leander Starr Jameson in mind, who led about five-hundred of his countrymen in a failed raid against the Boers, in southern Africa. The 'Jameson Raid' was later considered a major factor in starting the Boer War (1899-1902).

[headlines]
--------------------------------------------------------------

Sports Briefs----

Tom Brady’s Four-Game N.F.L. Suspension Erased by Judge
http://www.nytimes.com/2015/09/04/sports/football/tom-brady-suspension-deflategate.html

Roger Goodell, NFL suffered 'complete loss' say members of the legal community
http://www.usatoday.com/story/sports/nfl/2015/09/03/goodell-berman-deflategate/71661050/

Giants' pitcher Tim Lincecum has surgery on left hip
http://www.contracostatimes.com/giants/ci_28751615/giants-tim-lincecum-done-2015

Jon Gruden has feeling Raiders will be in L.A. next season
http://www.insidebayarea.com/raiders/ci_28748189/jon-gruden-has-feeling-raiders-will-be-l

Colin Kaepernick needs to pick up the pace
http://www.pressdemocrat.com/sports/4426443-181/grant-cohn-colin-kaepernick-needs

Exclusive: Latest Raiders stadium plan for Oakland violates team's 'terms and conditions' for deal
http://www.mercurynews.com/athletics/ci_28745421/exclusive-raiders-rejected-latest-oakland-stadium-financing-plan

 

 

[headlines]
--------------------------------------------------------------

California Nuts Briefs---

California farm revenue grew in 2014
  despite drought
http://www.sacbee.com/news/state/california/water-and-drought/article33812181.html 

Red Rock Island now yours for only $5M
  in San Francisco Bay
http://blog.sfgate.com/ontheblock/2015/09/03/red-rock-island-now-yours-for-only-5m/

[headlines]
--------------------------------------------------------------

“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Vintage Wine Estate buys Rutherford winery
http://www.northbaybusinessjournal.com/northbay/sonomacounty/4426433-181/vintage-wine-estate-buys-rutherford#1wWD44Esrb6qhSfA.97

Can Champagne Regain #1 Market Position as
  World's Most Consumed Sparkling Wine?
http://www.winebusiness.com/news/?go=getArticle&dataid=157210

Rosé goes viral. Is that a bad thing?
http://www.sfchronicle.com/wine/article/Rose-goes-viral-Is-that-a-bad-thing-6480967.php?t=f31d7910648aa28c5d&cmpid=twitter-premium

Napa Film Fest to Open With Wine Doc 'Somm: Into the Bottle'
http://www.hollywoodreporter.com/news/napa-film-fest-open-wine-819517

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm