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What SEC Filers Have Learned About CECL Implementation

Abrigo

Key Takeaways An SEC filer with a 2020 CECL deadline recommends starting ASAP on implementation -- even if your deadline is 2023. All eyes will be on the large SEC registrants in January as they become the first financial institutions to adopt the current expected credit loss model , or CECL. Transition to CECL with confidence.

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CECL Q&A – Methodology

Abrigo

The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan type. That loan would have a 2012 and 2015 Vintage.

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CECL is a hot topic at Sageworks Risk Management Summit

Abrigo

The Financial Accounting Standard Board’s proposed move to the current expected credit loss, or CECL, is top of mind for many of the bankers and industry experts attending the 2015 Risk Management Summit presented by Sageworks. Some meeting participants, however, expressed skepticism that this timing would hold true. We have tons of data.

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Trepp’s Review and Outlook on Commercial Real Estate Market

Abrigo

The CMBS delinquency rate reached 10.31% earlier this year, and the peak ever was 10.34% in July 2012 so we reached almost the peak historically but have been slowly decreasing ever since. Portfolio Risk & CECL. Portfolio Risk & CECL. Lending & Credit Risk. Stress Testing. Drive Growth. Learn More. C&I Loans.

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Managing your credit union’s loan data

Abrigo

Whether it’s part of a CECL preparedness conversation or part of a more proactive approach to risk management under existing regulatory expectations, the topic of “loan-level data” has repeatedly come up since the 2012 proposal from the FASB. Less subjectivity in forward-looking assumptions under CECL.

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CECL Lessons Learned

Abrigo

At Abrigo, many of us eat, sleep and breathe CECL. Since the very inception of the concept of an expected loss standard back in 2012, Abrigo professionals have been paying close attention to the Financial Accounting Standards Board (FASB). These are just a few of the lessons learned over the last few years of implementing CECL.

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The Future of Noninterest Income at Financial Institutions

Abrigo

Noninterest income drove 20% of community banks' net operating revenue in 2019, down from 22% in 2012, according to a recent FDIC study. On average, these charges generated nearly 19% of total noninterest income in 2019, down from 24% in 2012, according to the FDIC. Portfolio Risk & CECL. Portfolio Risk & CECL.

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