Blogs

Article | 5 min |
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A year ago, a headline “The Recession of 2023 might surprise everyone” would have been prescient simply because it didn’t happen. On the contrary, last year showed surprising resilience and a pace of growth no one expected, despite forecasts of a slowdown or recession by most economists. 2023 was supposed to have been the year in which the economy succumbed to the sharpest increase in interest rates in four decades; tightening lending standards by the banks; and the end of pandemic-era government spending. Accumulated savings from Covid-related shutdowns and receipts of stimulus checks were...
Article | 5 min |
Picture of statue at Federal Reserve
Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis. Overall Economic Activity Retail sales, including autos, remained mixed; sales of...
Article | 5 min |
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Banking partners you can count on to help you achieve growth goals Agriculture helps stabilize the economy Dubuque Bank & Trust, a division of HTLF Bank, serves and Drew Townsend, bank President and CEO, says that stability and potential for an interest rate drop is reason for optimism in 2024. “We read and see in industry forecasts from a variety of sources that everybody is suggesting or predicting in the latter half of 2024 we might start to see some decreases in interest rates, which would be welcomed. It would help control some of the costs that have been elevated by inflation recently,”...
Article | 3 min |
Business owner holding up his credit card
Between costs like rent, inventory, and payroll, it can be hard for businesses to cover expenses. Even if you have enough cash on hand to fulfill your obligations, an unexpected cost could derail your operation. Could a business credit card help? High interest rates might make you hesitant to open up a credit card for your business; however, obtaining a business card can be advantageous in certain circumstances. But before determining if this financial tool is right for your business, you first need to know its ins and outs. Why Should a Small Business Have a Credit Card? The idea of charging...
Article | 5 min |
Wondering what your aging accounts receivable report can reveal? Uncover five pivotal insights to gain a deeper understanding of your financial landscape. Before we dive into how you can use your aging AR report, let’s establish what it is and what it can tell you about your company. An aging accounts receivable report is a business report that shows customer payment status against current invoices. As a management tool, it’ll tell you when specific customers become credit risks and if your company should continue the relationship. The typical AR report has columns broken into 30-day segments...