RW
906 posts
no.
if you read the call report, a lot of the deposits are in "reciprocal brokered deposits" which means they spread the money across many banks and get FDIC insurance for their clients well above the $250,000 threshold.
this might sound novel or like not a real thing, but it very much is.
unfortunately, a lot of banks DONT do this.
in fact there are wait for it...$7 trillion in uninsured deposits (as of 2025) at banks. this is despite what happened at SVB!
JPMorgan Chase alone holds $1.225 trillion in uninsured deposits (mid-2025)
so...the real crazy thing is what most banks are doing. not what erebor is up to.
English
Hey fam is rapid deposit growth for an extremely new bank, potentially above the uninsured level, risky or not risky?
Rex Salisbury@rexsalisbury
Just in - @ereborbank posted their 1st call report. In 7 weeks since opening, they've already hit $1.1 billion in deposits. unprecedented growth for a de novo (or fintech) For comparison - Grasshopper Bank (also a tech-focused NYC de novo) took 7 years to reach the same number, and only got there via acquisition - Square Financial Services, even with Block's enormous merchant base, sits at $495M after 5 years. - Mercury took 4 years - Chime took 6 At $1 billion this makes them ~1,000th largest bank in America (out of ~4,500). If they want to be a top 100 bank, thats ~$20 billion of deposits. 5% of the way there in 7 weeks. Next up...what do they do with those deposits? Will be watching how loans ramp from here!
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@BarstoolNate Simulation patterns
CIA@CIA
Fifteen years ago today (1 May 2011), U.S. Navy SEALs raided a compound in Abbottabad, Pakistan and killed Usama Bin Laden. The raid marked the end of a more than 15-year effort by partners across the Intelligence Community to find Bin Ladin. Learn more: cia.gov/stories/story/…
Filipino
This is a top 5 reason that I don’t quit my job and only play poker. Grinding 4 tables of NL100 - NL200 is so boring. The other 4 reasons involve skill, discipline, and talent.
Sblatt@Sblattpoker
I can grind micro stakes MTT’s for literally days and not feel burnout I play 20 minutes of cash and I’m so bored I never want to play poker again
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@vegastbone @JeffreyBenson12 @bet_bash @seanperrywins You guys should meet up at the Hampton inn and settle this like unemployed journalists.
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I’m fucking fired up! @JeffreyBenson12 is the biggest piece of shit in gambling posting this. I’m going to team up with the best sports services and kick him in the dick. I’m going to buy my @bet_bash ticket this week unless I’m not allowed on property. @seanperrywins
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@PuntingStacks Have family in town so I haven’t played a hand in 3 days. This is making me want to jump in some late night tournaments.
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If you pray, please say a prayer for my little guy Rocky
He got attacked by a couple big dogs and I’m kind of losing it so putting out all the vibes that he recovers ok
Brutally painful
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Just made my first final table at a live WSOP!!!
Lfg. 🙏
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@lindsay__stamp Sell. Especially because I’m moving across country.
Remote managing a rental sounds like a nightmare.
Book the win.
English
You’re down to 1 final rental property. Your tenant calls and says he’s moving out May 15th. You bought the house in 2020 with a 3% interest rate, cash flows nicely, and your percent equity is 71.4%. Also, you want to relocate across country with your family.
What’s your move?
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@Muck4Value_RWN T9 flatting and then calling it off is where things get really wild
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This guy jams 500bb pre from UTG, you are next to act with QQ. What do you do?
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@chicfryrice It’s the worst. The sand is like sugar, it gets everywhere and sticks to you.
Nasty stuff. Stay far away.
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