Jerry Boebel

As a Consulting Services Senior Manager for ProfitStars®, Jerry is responsible for the design and delivery of all ALM consulting and client support for over 1,900 banks and credit unions. Jerry has 24 years of broad banking experience that includes retail banking, mortgage insurance, and fixed income asset management. He has served as a liaison between financial institutions and regulatory examiners, written investment and ALM policies and procedures, and created educational materials on portfolio, ALM, and product profitability management for multiple regulatory agencies. Jerry holds a bachelor of science in banking and finance from the University of Wisconsin. He has also earned the Chartered Financial Analyst designation and is a member of the CFA Society of Madison, WI.

Recent Posts

Low Growth, Low Yields, Low Inflation...High Risk?

Posted by Jerry Boebel

Wed, Mar 11, 2020 @ 10:17 AM

Do you remember the actor Ben Stein? My generation knows him as the monotone teacher in Ferris Bueller’s Day Off (“Bueller...Bueller...”). I’ll bet you didn’t know that his father, Herbert Stein, was actually the more famous member of the Stein family. Herbert was an economist of some repute to whom credit is given for Stein’s Law.  Stein’s Law states that if something cannot go on forever, it will stop. Consider Stein’s Law and how it impacts the current combination of low interest rates, low growth and low inflation.

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Topics: Credit Unions, Banking

Budgets are Like Battle Plans

Posted by Jerry Boebel

Wed, May 29, 2019 @ 10:30 AM

Improvise, Adapt, and Overcome

“No plan survives contact with the enemy.” This military axiom has been credited to famous generals from Napoleon Bonaparte to the more contemporary hero, Colin Powell. Your CFO was probably heard muttering similar sentiments right around the end of the first fiscal quarter after none of the expected Federal Reserve rate increases materialized.

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Topics: Community Banks, FI Operations

The Benefits of Early CECL Adoption

Posted by Jerry Boebel

Fri, Nov 18, 2016 @ 11:45 AM

FASB’s Accounting Standards Update (ASU) No. 2016-13 (more commonly referred to as CECL) was released earlier this year in June. At first look, the implementation dates for CECL are so far out that this project may not rank very high on a management team’s to-do list.

  • Public business entities (PBEs) that are SEC registered have a regulatory reporting effective date March 31, 2020.
  • Other PBEs March 31, 2021
  • Private companies December 31, 2021
  • Early application for all entities December 15, 2018

However, there are potential benefits to moving CECL up in priority and adopting the accounting standard early.

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Topics: Commercial Lending

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