Jeff Kosobucki Vice President/CFO Central Savings, f.s.b.
Effectively managing today's balance sheet demands evaluating a myriad of alternatives in order to create competitive advantages for Central Savings and its development team.
THC's services are designed to uncover opportunities. Whether assessing our existing ALM framework or systems of our Interest Rate Risk Review process, or participating in our ALCO meetings, Thomas Ho is committed to helping Central mitigate risk and build value.
THC provides for Central :
We at Central Savings believe that THC's work of ALM functions, asset quality, portfolio-wide view of liquidity, spread and investment policy are comprehensively captured in their reports and evaluations that inform and guide the Board and management.
Lindsay Elizondo AVP Homestead Savings Bank
From analyzing interest-rate risk to liquidity stress testing and strategic planning, the Thomas Ho suite of products has been instrumental in the effective and efficient management of the Bank's balance sheet. The THC model also allows the user to evaluate investment and funding options to determine the balance sheet effect, immensely enhancing the decision-making process. Homestead recently utilized THC's Access Network to seek loan purchase opportunities. THC was active and engaged in the transaction until both parties were comfortable. The Company truly boasts a culture of exceptional customer service. Additionally, the solution is tailored to even the most novice technology user, as Tom and his staff are always prompt to address any concern and eager to instruct users to utilize the software to its fullest capacity. THC not only provides a software solution but also offers an invaluable partnership to the institutions it serves.
Suzan D. Kranjc EVP/CFO Liberty Savings Bank FSB
The THC model is an extremely useful tool for us. Besides using this model for overall interest rate risk monitoring, we also use the THC mortgage analytics for pricing of loans we are considering buying. The model calculates a market price and provides all the components that comprise the purchase yield. It also allows us to adjust certain variables to see how the price would change under different assumptions. Then we run a pre-trade analysis to help us determine the optimal funding mix and see how the entire transaction will affect the overall balance sheet and earnings in different rate scenarios. These capabilities have enabled us to improve earnings while managing our interest rate risk. Additionally, the THC team is so helpful. We have access to President Tom Ho and his colleagues who are all very responsive and experts in this field. With their help we have been able to steer this banking ship in the right direction using the THC model as our compass!
Randy Ford VP/CFO Heritage Bank
I want to thank you for the work you and your team at Thomas Ho Company ("THC") have done for us over the last 4 years. Using your models and reports, we have been able to identify, monitor and manage our level of Interest- Rate Risk. With our ownership structure and certain funding mechanisms, we had some very unique liquidity levers that you were able to adjust into your models and reflect the proper value of those unique funding sources.The value of your work became readily apparent to us two years ago after we had taken some actions that raised our interest-rate risk to a level that we realized we were not comfortable with. Under the direction of our Board of Directors and using your models, we were able to make changes in our investments and funding that reduced our IRR to levels acceptable to us.
The THC Simulator Portal on your website has been very beneficial and instrumental in assisting us with our investment decisions, both for acquisitions and dispositions of assets. When we had specific securities, within a few minutes of giving you the CUSIP,your team would have it loaded in our data allowing us to quickly model the changes it would have on our income,balance sheet and IRR.
I want to also let you know that both the quarterly IRR reports and the pre-purchase analyses were reviewed by our regulators during our safety and soundness exams. In each case, they were complimentary of the quality of work and analysis we had in our IRR management. The regulators recognized your name and reputation,and being a client of yours, gave us more credibility with the regulators in this area of the business.
Dr. Ho,I also have to mention that your personal attention to us in your quarterly phone calls to review our reports assisted us in learning more and understanding the reports in such a way as to make them more integral tools and more useful in managing our bank.
Thank you for all your help.