The Bank Holding Company Association is pleased to announce a new member benefit that will put valuable market data at your fingertips to use for planning, analysis and strategic decision-making. We call it the BHCA Market Dashboard.
Working in partnership with Baker Tilly, a BHCA Associate Member, holding company members will receive two reports per year via email. A summer report, which will come out in July, will include the following information:
- Unemployment rate
- Population numbers
- Compound annual growth rate of total population (percentage)
- Compound annual growth rate of population for people age 15-34 (percentage)
- Compound annual growth rate of population for people age 35-54 (percentage)
A winter report, schedule for January, will include the following:
- Unemployment rate
- Per capita income
- Median household income
- Median housing values
- Projected median housing values
Each report will present the data by county on colorful state maps depicting Wisconsin, Minnesota, North Dakota, South Dakota, Iowa and Illinois.
The information is designed to help you better understand your market and surrounding areas. Over time, the reports can be compared to identify trends.
“This information can be used to analyze an institution’s current operating region and customer profile,” commented Sean Statz, FCA, who works in Baker Tilly’s Madison, Wis., office. “The BHCA Market Dashboard will also be valuable to analyze opportunities for expansion, both organic and by merger.”
“One of the primary purposes of the BHCA is to provide information that helps bank owners and holding company officers more effectively accomplish their goals,” said BHCA Managing Director Tom Bengtson. “We are pleased to add this semi-annual BHCA Market Dashboard to our other channels of industry information, including our seminars, quarterly membership magazine and website.”
BHCA Market Dashboard recipients also will have an opportunity to follow up directly with Baker Tilly to obtain customized information, such as deposit amounts by branch or deposit marketshare by county.
BHCA holding company members should watch to receive their first BHCA Market Dashboard report in early July. If your email address has changed recently, please alert the BHCA by sending an email to Paula@theBHCA.org.