Bank News From Associated Insurance Agents, Inc

Associated Insurance Agents, Inc News for Bankers

Greetings!

I hope that you will find this newsletter informative and timely. Let us know if you have any questions.

Third Quarter 2010

2010 quarter to quarter numbers have largely stabilized. When compared to 2007, the industry still has a long way to go to get back to any sense of normalcy. The OREO, Charge-offs and non performing asset numbers are still historically high. Past due loans, has increased from 3.1% to 3.3% during the year, which indicates that we are not yet turning the corner.

In Millions	9/30/2010	12/31/2009	12/31/2008	12/31/2007
Banks Reporting	405	415	431	443
Equity Capital	6,308	7,429	7,706	8,809
OREO	1,142	943	586	261

% Unprofitable	21%	27%	17%	13%
% w/Earnings Gain	54%	31%	33%	43%
Pre Tax ROA	.43%	.35%	.76%	1.78%
Net Charge-offs to Loans & Leases	1.12%	1.35%	.76%	.30%
Non Perf Assets to Assets	4.15	3.71%	2.73%	1.21%

How Does Your Bank Rank?

AiA recently performed a Google search for "business bank minneapolis mn". Even if Minneapolis is not one of your markets, you may still find this interesting. Here are the first 8 bank websites that came up:

TCF
The Business Bank
Park State Bank - Duluth
US Bank
Wells Fargo
Franklin National Bank
Bank of the West
Voyager Bank

Here are 5 ways to improve your bank's ranking:

Increase the number of inbound links (your web address being listed on other websites)
Use the key search words (business bank etc.) in your web-site Title tags
Use the key search words in you root domain name (www.businessXYZbank.com)
Increase the number of pages on your site
Start a blog that is tied to your website

Renewing your Bank's Insurance

For years, Bank insurance renewals focused on three topics: Premiums, limits and deductibles. The following is a check list of key issues that are critical in today's environment:

Is the insurer financially strong?
Under what conditions can the insurer cancel the policy?
Are exclusions to coverage too broad?
Are legal fees covered? If so, when are they paid?
Can you be forced to settle a claim?

Vikings Trivia

1) What year did the Vikings win their first playoff game?

2) Which Viking has the longest run (95 yards) from scrimmage?

3) Which one of these Vikings was not a 1st round pick; Randy Moss, Alan Page, Chuck Foreman or Fran Tarkenton?

4) Who holds the Viking record (5) for sacks in one game?

Find answers below

Minneapolis based AiA has been a leader in providing insurance solutions since 1980. AiA is a large independent agency with access to virtually every bank insurance market.
AiA's strength is the ability to proactively negotiate with underwriters to maximize your coverage and minimize your cost.

Jeffrey Maas Owner and President of AiA. Jeff has been in the insurance industry for 28 years and has insured banks for 15 years. Jeff teaches continuing education classes for the MN Independent Insurance Agents Association and serves as an expert witness in Property and Casualty insurance litigation. Jeff can be reached at 763-549-2266.

Kris St. Martin Bank Program Administrator who has 23 years of bank president experience. Kris brings his expert understanding of the banking industry including the expertise to understand your bank's story and critical financial information. Kris can be reached at 763-549-2267.

John Gondek Executive Vice President. John brings 25 years of experience and has a MBA degree from the Carlson School of Management at the University of Minnesota. He holds the CPCU designation (Chartered Property & Casualty Underwriter) which is a premier-earned award in the industry. John can be reached at 763-549-2217

Viking trivia answers: 1) 1969 2) Chester Taylor 3) Fran Tarkenton 4) Randy Halloway