ABA Banking Journal - April 2007 - (Page 22) Community Banking COVER STORY Pass the Aspirin: Still have a secretary er, “admin”? How has the job changed? 26 After the buzz, banks fine-tune RDC Actually, there is still plenty of buzz about remote deposit capture. But the devil is in the details of pricing, selling, and security latte Valley Livestock, an auction market in Gering, Neb., sits 450 miles from the nearest branch of its bank, First Dakota National Bank. It would mean a seven- or eighthour drive to make the regular deposit of checks from the auctions, not something anyone would want to do, even if gas didn’t cost what it does these days. And, of course, owners Jerry and Sally Weekes didn’t do any such thing. Instead, “they had been overnighting checks by UPS,” says banker Shelly Eilers, senior deposit officer at $650.1 million-assets First Dakota. “This was costing them more than $80 a week, and it was also delaying getting their funds into the bank and available for their use.” Note that Eilers said, “had been.” In March 2006 First Dakota launched remote deposit capture service, and Platte Valley Livestock was one of its beta sites. Now the firm is saving courier costs and getting its hands on its proceeds far more quickly. Not every one of the 20 or so remote deposit capture signups that First Dakota has seen in its first year are situated quite so far from the Yankton, S.D., bank. But in farm country “down the road” means something different from the same words in cities and suburbs. Hence First Dakota, which uses the Jack Henry ProfitStars RDC package, has found other banks offering competing remote capture products too. One strong competitor is another community bank, while another is Wells Fargo. And remote capture may take First Dakota further, itself, than it has gone before for deposit relationships. The bank has served South Dakota, northeast Nebraska, northwest Iowa, and southwest Minnesota for many years, but now its influence could grow. “I see a whole lot more opportunity,” says Eilers, “because this gives us the ability to bank somebody out of our area—like in California.” By Steve Cocheo, executive editor P This ambition is not unreasonable at all in a time when a bank’s “branch” can be as close as a scanner on a desktop. Complete customer review is done For a taste of remote capture in a more suburban market, take the experience of First Bank of Baldwin, a $120 million-assets institution about 30 minutes away from Minneapolis-Saint Paul, Minn. The bank launched its remote capture effort in late 2005, using Goldleaf Technologies’ web-based approach to the service. The bank has a significant number of business customers whose operations include out-of-area and out-of-state satellite offices. Many have banking relationships in their locales—relationships that remote capture suddenly puts into play. Such firms include interstate trucking and commercial construction firms. Like many community banks that have adopted remote capture technology for their business customers, First Bank went about things conservatively, according to Robert Wurtzel, assistant vice-president and chief operations officer. “The complete relationship of the customer is reviewed,” says Wurtzel. “The customer needs to be creditworthy and have enough deposits to cover any returns.” Initially, thinking that time spent on driving to the bank was a major savings to promote, Wurtzel says the bank aimed at customers who were 15 miles or more away from headquarters. In time, however, the bank realized that even closer customers were potential candidates for remote capture, and pulled in its “circle” to a one-mile distance from the bank. Furthermore, while originally only check-intensive customers were targeted, the bank found interest strong even among cash-intensive customers. So now it reaches out to key prospects among them, while 22 APRIL 2007/ABA BANKING JOURNAL www.ababj.com/subscribe.html Table of Contents for the Digital Edition of ABA Banking Journal - April 2007 Contents Editor's Column ABA NCCB Recap There But For The Grace Of God Leaders Asses Progress On Three Key Issues Snapshot: Noninterest Income Has Peaked For Now What To Tell Those Pesky Investors Sleight Of Mind ABA Resources ABA Chairman's Position After The Buzz, Banks Fine-Tune RDC Community Banking: Pass The Aspirin Tough Sell Why This Core Solution? They Had Their Reasons On the Job Parsing The Meaning Of Web 2.0 Security Is Still A Study Of The Basics Don't Let Flood Rule Enforcement Soak You Compliance Mailbox The Economy ABA Banking Journal - April 2007 ABA Banking Journal - April 2007 - (Page Cover1) ABA Banking Journal - April 2007 - (Page Cover2) ABA Banking Journal - April 2007 - (Page 1) ABA Banking Journal - April 2007 - (Page 2) ABA Banking Journal - April 2007 - Contents (Page 3) ABA Banking Journal - April 2007 - Editor's Column (Page 4) ABA Banking Journal - April 2007 - Editor's Column (Page 5) ABA Banking Journal - April 2007 - Editor's Column (Page 6) ABA Banking Journal - April 2007 - ABA NCCB Recap (Page 7) ABA Banking Journal - April 2007 - There But For The Grace Of God (Page 8) ABA Banking Journal - April 2007 - There But For The Grace Of God (Page 9) ABA Banking Journal - April 2007 - Leaders Asses Progress On Three Key Issues (Page 10) ABA Banking Journal - April 2007 - Leaders Asses Progress On Three Key Issues (Page 11) ABA Banking Journal - April 2007 - Snapshot: Noninterest Income Has Peaked For Now (Page 12) ABA Banking Journal - April 2007 - Snapshot: Noninterest Income Has Peaked For Now (Page 13) ABA Banking Journal - April 2007 - Sleight Of Mind (Page 14) ABA Banking Journal - April 2007 - Sleight Of Mind (Page 15) ABA Banking Journal - April 2007 - Sleight Of Mind (Page 16) ABA Banking Journal - April 2007 - Sleight Of Mind (Page 16a) ABA Banking Journal - April 2007 - Sleight Of Mind (Page 16b) ABA Banking Journal - April 2007 - Sleight Of Mind (Page 17) ABA Banking Journal - April 2007 - Sleight Of Mind (Page 18) ABA Banking Journal - April 2007 - ABA Resources (Page 19) ABA Banking Journal - April 2007 - ABA Chairman's Position (Page 20) ABA Banking Journal - April 2007 - ABA Chairman's Position (Page 21) ABA Banking Journal - April 2007 - After The Buzz, Banks Fine-Tune RDC (Page 22) ABA Banking Journal - April 2007 - After The Buzz, Banks Fine-Tune RDC (Page 23) ABA Banking Journal - April 2007 - After The Buzz, Banks Fine-Tune RDC (Page 24) ABA Banking Journal - April 2007 - After The Buzz, Banks Fine-Tune RDC (Page 25) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 26) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 27) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 28) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page TASQ 28a) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 29) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 29a) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 30) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 31) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 32) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 33) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 34) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 35) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 35a) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 35b) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 35c) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 35d) ABA Banking Journal - April 2007 - Community Banking: Pass The Aspirin (Page 36) ABA Banking Journal - April 2007 - Tough Sell (Page 37) ABA Banking Journal - April 2007 - Tough Sell (Page 38) ABA Banking Journal - April 2007 - Tough Sell (Page 39) ABA Banking Journal - April 2007 - Tough Sell (Page 40) ABA Banking Journal - April 2007 - Tough Sell (Page 41) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 42) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 43) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 44) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 45) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 46) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 47) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 48) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 49) ABA Banking Journal - April 2007 - Why This Core Solution? They Had Their Reasons (Page 50) ABA Banking Journal - April 2007 - On the Job (Page 51) ABA Banking Journal - April 2007 - On the Job (Page 52) ABA Banking Journal - April 2007 - Parsing The Meaning Of Web 2.0 (Page 53) ABA Banking Journal - April 2007 - Parsing The Meaning Of Web 2.0 (Page 54) ABA Banking Journal - April 2007 - Parsing The Meaning Of Web 2.0 (Page 55) ABA Banking Journal - April 2007 - Security Is Still A Study Of The Basics (Page 56) ABA Banking Journal - April 2007 - Security Is Still A Study Of The Basics (Page 57) ABA Banking Journal - April 2007 - Security Is Still A Study Of The Basics (Page 58) ABA Banking Journal - April 2007 - Security Is Still A Study Of The Basics (Page 59) ABA Banking Journal - April 2007 - Security Is Still A Study Of The Basics (Page 60) ABA Banking Journal - April 2007 - Security Is Still A Study Of The Basics (Page 61) ABA Banking Journal - April 2007 - Security Is Still A Study Of The Basics (Page 62) ABA Banking Journal - April 2007 - 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