Pub. 5 2014 Issue 1

www.wvbankers.org 4 West Virginia Banker 18 10 6 Join Us For Convention It’s an opportunity to learn about more than just banking. It’s an opportunity to learn about good business practices in a general sense. And it’s an opportunity to learn about human nature. By Joe Ellison, President & CEO 8 Interest Rate Risk: A Priority for 2014 The Banking Environment: As we move into a new year, the US economy continues to plod along at a slow and steady pace. By Jeffrey F. Caughron, Associate Partner, The Baker Group LP 10 Is It Going to Be a Bumpy Ride? Margo Channing (Bette Davis) in “All About Eve” famously said, “Fasten your seatbelts, it’s going to be a bumpy night!” Does that sum up the status of future community bank merger activity? Maybe so. By Hugh Wellons, Spilman Thomas & Battle, PLLC 12 Letter of Map Amendment (LOMA) Process FEMA (Federal Emergency Management Agency) uses the most accurate flood hazard information available; however, limitations of scale or topographic definition of the source maps used to prepare the FIRM (Flood Insurance Rate Map) may cause small areas that are at or above the flood elevation to be inadvertently shown within the SFHA (Special Flood Hazard Area) boundaries. By Laura E. Hosler, CFM, Operations Manager, ServiceLink National Flood (formerly LPS National Flood) 16 COSO’s Updated Integrated Framework The Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) issued its updated Internal Control – Integrated Framework (“Framework”) on May 14, 2013. By Wesley Allen, Dixon Hughes Goodman LLP 18 The Volcker Rule and Community Banks The “Volcker Rule” was proposed by Paul Volcker, former Chairman of the Federal Reserve Board, to reduce or eliminate speculative investment activities of banks and their affiliates. By Richard C. Donovan, CPA, CRCM, CTP, Arnett Foster Toothman PLLC 20 Big Data Reaps Big Rewards When You Harness It When you hear today’s “it” term—big data—does it make you feel overwhelmed, or do you see an immense opportunity for growth? By Jason Young, CSI 21 Bank Notes 22 Designing the Right Retirement Plan for Your Organization Retirement programs are a critical element in designing total compensation programs for today’s financial institutions. 25 Calendar of Events