Jobless Claims

What the Initial Jobless Claims Report Tells Us About the Economy

eric-vermulmPost written by Eric Vermulm, CFA | Chief Investment Officer | Stockman Wealth Management

The weekly Initial Jobless Claims report is one of best leading indicators on the U.S. economy.

Released every Thursday morning, it tracks the number of people who file first-time unemployment applications. The report provides a timely look at the leading edge of the U.S. employment situation.

The Department of Labor started tracking claims in January 1967. This gives us 50 years of continuous data to analyze. The following chart plots every weekly claims release and recession of that half century. Read more

Online Banking

Bank In Your Pajamas with eBank!

paula-kurkowski

Paula Kurkowski

char-hoskins

Char Hoskins

Post co-written by Char Hoskins, Chief Operations Officer at Stockman Bank of Montana and Paula Kurkowski, VP/Director of Compliance at Stockman Bank of Montana

We still remember the day when we would have to walk to our local bank to do any banking.

We would hand our savings passbook to the teller behind the cage and she would stamp our book with the correct deposit/withdrawal and our balance.

Today, consumers expect and demand that they’re able to do almost any banking transaction in their pajamas…at any time of day or night, from their laptop, tablet or phone.

The good news is you can do this with our online personal banking system – eBank! Read more

Money and Clock

IRA Contributions for 2016 and 2017: What You Need to Know

eric-vermulmPost written by Eric Vermulm, CFA | Chief Investment Officer | Stockman Wealth Management

The start of a new year is a great time to review your personal finances, particularly when it comes to your IRA.

This is the only time when you can make contributions for the coming year, the past year, or both. This flexibility is only available for a few months, so it’s important to do a portfolio check-up now.

If you’re already planning your 2017 contributions, this year’s limits will look a lot like last year’s levels.  Just like 2016, you will be able to contribute a maximum of $5,500 to your Traditional and Roth IRA accounts.

If you’re over 50, you can make a “catch-up” contribution of an additional 1,000 for a total deferral of $6,500. For anyone 70 ½ or older, while you’re no longer eligible to contribute to a Traditional IRA, Roth IRA contributions are accepted at any age. Read more

Blog

The Stockman Blog is LIVE!

julia-warmerPost written by Julia Warmer, Digital Media Specialist at Stockman Bank of Montana

News flash!  Stockman is starting a blog!

You might be thinking, “Why would a bank, an insurance company and a wealth management business enter into the “blogosphere?”

First and foremost, we have a story to tell. In fact, we have many stories to tell. Just this year we entered the social media world with Facebook and LinkedIn pages and have discovered these to be great ways to communicate with our customers and our employees. Our blog allows us to go more in depth than a Facebook or LinkedIn post.

Before we go any further, let’s quickly define the word “blog”. A blog is a short form for the word “weblog” and the two words are used interchangeably. You may have heard the term “blogger” and that is simply someone who writes a blog. Stockman has a team of “bloggers” who will write, what we hope are engaging, interesting articles for you to read, share and learn a bit about the world of banking. Read more