Total loans at banks fell by 1.5 percent during the first half of June, according to data compiled by the Federal Reserve; “It’s just a very hard environment to see what borrower is going to be a good credit and who’s going to be a challenge,” said Jon Winick, CEO of Clark Street Capital in Chicago, to American Banker. “It’s going to be very difficult to develop new business.”; when the PPP loans roll off their books banks will find it hard to replace them; mortgage refinancing could be one area where they can make up the difference since rates are so low and there are various fees associated with mortgages; the continued uncertainty will in all likelihood remain for the rest of 2020 and banks are being conservative in their forecasts; “You’re much more likely to see us be more on the conservative side,” Gordon Smith, CEO of JPMorgan’s consumer and community banking business, said during a June conference according to American Banker. American Banker.