Insights The Compass Our discussion of markets, credit, and bank strategy. Whitepapers Long form content on TLBs and other relevant bank topics. Market Commentary Discussion of recent events and relevant news for bankers. The Friday Review A weekly recap on what we are reading. EXHIBIT 1 · C&I HAS THINNED WHILE CRE HAS BUILT 30% 20% 16% CRE ≈ 28% C&I ≈ 18% 2021 2026 Illustrative directional composite. Source: FDIC Quarterly Banking Profile, Q1 2026. Featured whitepaper The Term Loan B Market and Regional Bank Balance Sheets Industry net interest margin fell to 3.31% in the first quarter of 2026 as earning asset yields dropped faster than funding costs. The case for a floating rate, first lien C&I asset that rebuilds the side of the book CRE has crowded out. September 18, 2026 · 11 min read · PDF available READ THE PAPER Market Commentary Bryan Macktinger 2/25/26 Market Commentary Bryan Macktinger 2/25/26 Q4 2025 FDIC Quarterly Banking Profile Read More Market Commentary Bryan Macktinger 1/29/26 Market Commentary Bryan Macktinger 1/29/26 Why a niche category of CRE lending is suddenly seeing record deals Read More Market Commentary Bryan Macktinger 1/8/26 Market Commentary Bryan Macktinger 1/8/26 SEC issues 'No Objection' on CLO loan tranche classification Market volatility is a natural part of investing Read More Market Commentary Bryan Macktinger 12/10/25 Market Commentary Bryan Macktinger 12/10/25 The core challenge in lending isn't taking risk—it's getting paid for it. Read More Market Commentary Bryan Macktinger 12/9/25 Market Commentary Bryan Macktinger 12/9/25 A Game-Changing Regulatory Shift: OCC & FDIC Rescind Leveraged Lending Guidance Read More Market Commentary Bryan Macktinger 10/6/25 Market Commentary Bryan Macktinger 10/6/25 Caird Launch Announcement It All Begins Here Read More Latest from LinkedIn
Market Commentary Bryan Macktinger 2/25/26 Market Commentary Bryan Macktinger 2/25/26 Q4 2025 FDIC Quarterly Banking Profile Read More
Market Commentary Bryan Macktinger 1/29/26 Market Commentary Bryan Macktinger 1/29/26 Why a niche category of CRE lending is suddenly seeing record deals Read More
Market Commentary Bryan Macktinger 1/8/26 Market Commentary Bryan Macktinger 1/8/26 SEC issues 'No Objection' on CLO loan tranche classification Market volatility is a natural part of investing Read More
Market Commentary Bryan Macktinger 12/10/25 Market Commentary Bryan Macktinger 12/10/25 The core challenge in lending isn't taking risk—it's getting paid for it. Read More
Market Commentary Bryan Macktinger 12/9/25 Market Commentary Bryan Macktinger 12/9/25 A Game-Changing Regulatory Shift: OCC & FDIC Rescind Leveraged Lending Guidance Read More
Market Commentary Bryan Macktinger 10/6/25 Market Commentary Bryan Macktinger 10/6/25 Caird Launch Announcement It All Begins Here Read More