Audio podcast: Welcome to the business resource center

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

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Topics: Featured, Business Best Practices, Management, The Corner Office, Podcasts

What is allowance for bad debt and should I show it on my business balance sheet?

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

If your business sells to other businesses and you are an accrual basis bookkeeper, it may be advantageous to show an allowance for bad debt on your company’s balance sheet.

Topics: Operations, Management, The Corner Office, Accounting & Finance

Business Bank of Texas forms San Antonio Business Owners MeetUp group

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

The Business Bank of Texas has long believed in helping area businesses by providing high quality free business education.

Topics: Featured, The Corner Office

Audio podcast: Being a virtual bank keeps customer fees low

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

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Topics: Featured, The Corner Office, Customer Service, Accounting & Finance, Podcasts

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Choosing the right partner for your business banking needs

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Last fall, financial services industry research firm, Greenwich Associates, conducted a survey of small-to-mid-sized businesses across the United States. The goal of the survey was to determine overall satisfaction level of these businesses with their existing banking institutions. A surprising number of business owners indicated their intent to put their banking business out for bid. Where historically the number of businesses changing banks hovered somewhere around 10 percent, almost 60 percent indicated they intended to make a change in 2011.

Topics: Featured, The Corner Office

Central and South Texas businesses can benefit by being NACM members

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

If your business grants trade credit to other businesses in Texas, joining the National Association of Credit Managers of Texas (NACM) can afford you valuable business credit information as well as discounted access to other credit bureaus such as D&B, and Experian Small Business Information. NACM of Texas is an affiliate of the larger national non-profit association.

Topics: Operations, Featured, Management, Blog Posts, The Corner Office

I am excited to have Ladd Roberts as our newest Senior Vice President

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Ladd Roberts may be new to the Business Bank of Texas but my working relationship with him goes back to 1987 when he joined Security National Bank of San Antonio, where I was the President. Ladd and I worked together until 2000 when Security National was acquired by another bank. In November 2010 I had the good fortune of recruiting him to head up our banking initiatives in San Antonio.

Topics: Featured, Blog Posts, The Corner Office

DJ Lewis joins Business Bank of Texas as a Senior Vice President

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

In October 2010 Business Bank of Texas hired DJ Lewis as a Senior Vice President. DJ was recommended to me by two friends of the bank.

Topics: Featured, Blog Posts, The Corner Office

In fond memory of our colleague Ron Ratliff

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Topics: Featured, Blog Posts, The Corner Office, Accounting & Finance

Performance ratios business owners should understand

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Business performance indicators are critical for business owners to understand. They are a measure of how well the business is using their assets to generate income as well as how well management is performing. Although there are a number of performance indicators; return on assets, return on equity and times interest earned are several of the most important to understand.

Topics: Operations, Featured, Management, Blog Posts, The Corner Office, Accounting & Finance

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