Recorded: March 19, 2014
Length: 60 Minutes
The allowance for loan and lease losses (ALLL) represents one of the most complex yet significant estimates in an institution's financial statements and regulatory reports. Consequently, the data collected for this calculation is critical and can be one of the toughest challenges community banks encounter.
This webinar session will explain why you should leverage data now to minimize the impact of the pending FASB Current Expected Credit Loss model, and its affect on a bank's reserve amount. In addition, participants will review how other institutions are already preparing and the most important data collection elements within ALLL.
- Learn how to leverage data now to minimize the impact of the FASB CECL model
- Examine how other community banks are preparing for the pending changes
- Identify the most important data collection elements within the ALLL
- Discover ways to gather support documentation for qualitative adjustments to FAS 5/ASC 450-20 calculations
Ed Bayer, Managing Director of Business Development & Market Analysis, Sageworks.
Ed is responsible for revenue generated in our financial institution market. He previously served as a senior risk management consultant, with a primary focus on allowance for loan and lease loss provisions (ALLL) and stress testing loan portfolios.
Garrett Morris, Senior Risk Management Consultant, Sageworks.
Garrett primarily assists financial institutions in understanding and complying with federal accounting guidance when determining the allowance for loan and lease losses and conducting loan portfolio stress testing. His expertise also includes credit analysis, loan review, and portfolio and loan administration.
1 CPE Credit
Program Level: Basic-Intermediate