Community financial institutions saw a 26 percent increase in the number of hours and employees required to meet regulatory compliance demands in the third quarter of 2014, according to data released by compliance management systems provider Continuity Control. The average community bank needed to devote 653 additional hours, or the equivalent of 1.86 full-time employees, to manage the 82 new regulatory changes added in the third quarter. To meet those needs, the average institution had to spend an additional $45,264 on compliance. Industry insiders speculated the new regulations, including the Qualified Mortgage Rule, would result in a tapering of mortgage lending.