Pub. 10 2019 Issue 3

www.wvbankers.org 28 West Virginia Banker time lags). Additionally, simulate a migration of your lower costing NMDs into higher costing time deposits and/or wholesale funding. Cybersecurity Risk – I don’t see cybersecurity risk going away anytime soon and I’m sure you don’t either. Additionally, one could easily argue that it is only going to increase each year. Banks rely heavily on third-party service providers for their IT and cybersecurity systems. The regulators expect continued due diligence with respect to third-party service providers. Dale Sheller is Senior Vice President in the Financial Strategies Group at The Baker Group. He joined the firm in 2015 after spending six years as a bank examiner with the Federal Deposit Insurance Corporation. Sheller holds a bachelor’s degree in finance and a master’s degree in business administration from Oklahoma State University. He works with clients on interest rate risk management, liquidity risk management, and regulatory issues. Contact him at: 800-937-2257, or dsheller@GoBaker.com. BANKERS’ BANK - THE MORTGAGE EXPERTS BBKY MORTGAGE PROCESSING ABOUT US KEY BENEFITS FOR YOUR BANK • Leading Secondary Market Mortgage Processor • Experienced Mortgage Lenders • Simple and Effective Approach • Emphasis on Customer Service • No Processing Fees Regardless of Approval • Attract & Retain Mortgage Customers • Generate Fee Income • Reduce In-House Labor MORTGAGE LOAN PROGRAMS: Conventional | VA | FHA | Rural Housing MORTGAGE FINANCING: • Purchase • Refinance • Permanent Financing for New Construction MORTGAGE FINANCING TERMS AVAILABLE: 10 Year Fixed, 15 Year Fixed, 20 Year Fixed, 25 Year Fixed, & 30 Year Fixed TO LEARN MORE CONTACT MISSY HARROD, ASSISTANT VICE PRESIDENT PHONE: 800-248-3229 ext. 225 EMAIL: mharrod@bbky.com DIRECT DIAL: 502-695-2524 Recommendation: Utilize the publicly available resources from the regulatory agencies including the FFIEC’s Cyberse- curity Assessment Tool and the FDIC’s Information Tech- nology Risk Examination work program. The Cybersecurity Assessment Tool will help look at your cybersecurity pre- paredness, and the FDIC work program will give you insight into what examiners will be assessing you on. In 2018, it was a great year for banking; however, the regu- lators feel that 2019 may present additional challenges and risks. Whether your next examination starts this coming Monday or in 18 months, always strive to improve your risk management processes.  continued from page 27