Pub. 4 2015 Issue 1

C O N T E N T S VACB EXECUTIVE COMMITTEE CHAIRMAN John R. Caldwell President & CEO The Farmers Bank of Appomattox Appomattox CHAIRMAN ELECT Michael A. Ewing Chairman, President & CEO Oak View National Bank Warrenton VICE CHAIR Alice P. Frazier EVP & COO Cardinal Bank McLean PRESIDENT & CEO Steven C. Yeakel, CAE President & CEO VACB Richmond IMMEDIATE PAST CHAIRMAN Jeff Dick President & CEO MainStreet Bank Fairfax ICBA STATE DIRECTOR Samuel L. Neese President & CEO Highlands Union Bank Abingdon VACB DIRECTORS CHAIR SERVICES COMMITTEE Elizabeth M. Bentley Union First Market Bank Richmond 2015 Randal R. Greene Bank of Lancaster Kilmarnock 2015 Lloyd B. Harrison Virginia Partners Bank Fredericksburg 2016 Robert L. Buzzo First Community Bank Bluefield 2017 Elizabeth Berkner Burke & Herbert Bank Alexandria 2017 Lynda P. Cunningham Bank of McKenney McKenney 2017 Dennis A. Dysart First Bank Strasburg 2017 J. Allan Funk Grayson National Bank Independence 2017 Mark C. Hanna EVB Newport News 2017 G. Lyn Hayth, III Bank of Botetourt Buchanan 2017 A. Preston Moore Virginia Community Bank Louisa 2017 Howard F. Pisons Community Banker’s Bank Midlothian © 2015 Virginia Association of Community Banks | e newsLINK Group, LLC. All rights reserved. e Community Banker is published four times each year by e newsLINK Group, LLC for the Virginia Association of Com- munity Banks and is the o cial publication for this association. e information contained in this publication is intended to provide general information for review and consideration. e contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your speci c circumstances. e statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the Virginia Association of Community Banks, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or serviced advertised. e Community Banker is a collective work and as such some articles are submitted by authors that are independent of the Virginia Association of Community Banks. While e Community Banker encourages a rst print policy, in cases where this is not possible, every e ort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at: 855-747-4003. 10 8 12 18 6 Chairman’s Message 6 President’s Message 8 Business Email Compromise 10 Roll or Flow? Amortizing bonds require some analysis 12 Warning: Traditional Loan ReviewMay Cause Banks Trouble in the Future 14 Take Control: Don’t Become Involved In Occupational Fraud 16 Bank Bytes: Dot Bank I8 By The Numbers: The New Tangible Property Regulations and the Impact on Banks