Techniques for Assessing the Optimal Level
of Tax-Exempts for a Sub S Bank
Telephone – Webinar – Audio/Visual CD Rom
8:00 am – 9:30 am Pacific
9:00 am – 10:30 am Mountain
10:00 am – 11:30 am Central
11:00 am – 12:30 pm Eastern
More and more financial institutions are facing earnings pressure from increased loan losses, securities losses, and deposit insurance premiums. This decrease in earnings has meant that many institutions are not fully utilizing their tax-exempt income and has prompted many to rethink their exposure to municipals and tax-exempt income in general. Many institutions go into a Sub S conversion thinking they need to have more municipals in their portfolio when, in fact, they need to have fewer. This program will examine a model that can be used to quantify the effect of various allocations to tax-exempts on after-tax income, dividend tax, the AAA account, and other factors.
HIGHLIGHTS
WHY SHOULD YOU PARTICIPATE?
This session is a cost-effective way to learn how your allocation to municipal bonds affects taxes paid by the shareholders, particularly the dividend tax. You’ll learn new techniques for assessing the payout ratio and how to optimize the use of tax-exempt earnings vehicles. You may train as many individuals as you like for one set price. There will be no travel costs, no time lost from work, and no one will be required to leave the institution.
WHO SHOULD ATTEND?
Community bank presidents, CFOs, board members, treasurers/comptrollers, and investment portfolio managers will benefit from this presentation that can aid in the dividend planning process for the Sub S institution.
Please note: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
ABOUT THE PRESENTER – Monica S. Sonnier, CPA, CFA, FTN Financial
As a Senior Vice-President and Portfolio Strategist at FTN Financial, Monica has over 20 years’ experience in the depository investment arena, including management of a bank portfolio of over $2 billion. Monica serves as a resource for FTN’s depository clients in technical analysis of the portfolio as well as monitoring of regulatory and accounting issues. She has worked extensively with financial institutions of all types on forecasting, regulatory issues and tax issues (including Sub S planning).
Previously a chief investment officer and investment division manager for a banker’s bank, Monica managed investment portfolios; provided investment and ALM consulting; ran the bank’s ALM reporting service bureau; and oversaw the operational area supporting safekeeping, trading, and portfolio accounting services. In addition, Monica has served on numerous industry-related committees, is the current chair of the AICPA Investment Committee, and serves on the AICPA Council. She is a frequent speaker at banking and investment conferences.
WHAT IS A TELEPHONE/WEBINAR SEMINAR?
This training method allows unlimited listeners on your office speaker phone. By choosing the webinar option, participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials will be sent prior to the broadcast along with hookup instructions. Your pin number, hookup instructions and handouts will be emailed to you. You will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.
CAN’T ATTEND THE SCHEDULED TRAINING? ORDER THE AUDIO/VISUAL CD ROM!
As an added benefit, you may purchase a CD Rom* of this presentation. The CD includes the original audio/visual presentation, the question and answer sessions, and the handouts. In addition, you will be able to contact the presenter if you have follow-up questions. Use this “off-the-shelf” training program for those that could not attend the live seminar and for future training. AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE.
*CD Rom for PC use only