Bank of New Hampshire
- Provides a place for people to fully manage their income
- Services allow private customers to…
- Deposit money into a bank account
- Take money out in a loan
- Access to a wide variety of wealth management products and services
- Other services include bank accounts for companies through commercial lending
- Bank of New Hampshire was just recently voted best commercial lender for small business in NH
- $2 billion in assets
U.S Economy: Is Recession coming?
U.S Economy: Survey of Professional Forecasters
- Forecasters predict the economy will expand at annual rate of 1%
- Down from 1.2% in last survey
- unemployment will rise from 3.7% in 2022 and 4.2 percent in 2023
- 2023 Q1 risk of negative quarter(%) is 47.2%
- Up from 38% in Q3
National Cycles of the Industry
How is the economy in New Hampshire?
Managing through the Business Cycle
- Banks manage their companies through recessions using the Capital Adequacy Ratio(CAR)
- cut costs
- raise cash
- Tighten lending standard
- add only good-quality assets that would withstand economic downturns