By Jeff Rigsby, CB Resource, Inc.
Driving sustainable income in today’s flat interest rate environment is no small accomplishment. Couple that with increased regulatory burdens and an overall weak economy, today’s community banks are being challenged to create and sustain a steady stream of non-interest income in order to continue to create shareholder value and remain competitive in their market place.
The question most community banks are facing is, “what’s the best non-interest income strategy for my bank and the markets we serve?” To assist with identifying some successful non-interest income strategies we scanned our Top 10 Percent Performing Banks database to identify key performance indicators. The criteria we used included community banks generating a high percentage of fee income, along with other metrics that reflect consistent peak performance.