Abrigo

SEPTEMBER 28, 2015

Understandably, financial institutions of all sizes have numerous questions about how they will implement the FASB’s proposed current expected credit loss model, or CECL, once the standard is finalized. Panelists said they see no evidence that a less arduous application of CECL will be adopted, even for smaller institutions.

CECL 60

CECL Credit Unions 60

Abrigo

JULY 11, 2016

Central to the discussion this year will be strategies for transitioning to the new current expected credit loss (CECL) model that the Financial Accounting Standards Board (FASB) issued on June 16. CECL will not only affect all banks and credit unions, but also non-bank lenders,” said Sageworks Director of Consulting Emily Bogan.

CECL 60

CECL Credit Unions 60

Abrigo

MAY 17, 2017

With Basel III focusing more attention on credit risk management, and the more granular review of loans required by the FASB’s current expected credit loss (CECL) model, financial institutions can likely expect to see an increased emphasis by examiners on the importance and effectiveness of risk rating systems.

CECL 68

CECL Credit Risk Credit Unions 68

Abrigo

APRIL 28, 2022

How Core Deposit Analytics Help Banks and Credit Unions Plan For Rising Rates Core deposit analytics provide a wealth of information for strategic planning, deposit pricing, product development, and more. Takeaway 3 Outdated core deposit analytics mean missed opportunities for banks and credit unions in the current environment.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

DECEMBER 4, 2015

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis.

Credit Unions 60

Credit Unions CECL Accounting Firms 60

Abrigo

DECEMBER 23, 2014

Banks and credit unions continued loan growth after the lows of the economic downtown, as recently highlighted by the FDIC and OCC. What topics should be at the top of this list in 2015? Blog Bank Credit Union' A common rule is that a TDR should always be considered impaired.

Credit Unions 68

Credit Unions CECL 68

Abrigo

SEPTEMBER 19, 2015

Despite a report that two FASB board members will vote against the final version of the current expected credit loss (CECL) model, a spokeswoman told Sageworks Friday that the board continues to expect to issue the standard by year end. We expect to issue a final standard by the end of 2015,” she added.

CECL 60

CECL Credit Unions 60

Abrigo

APRIL 20, 2016

With the pressures of changing regulations and data security continuing to increase, banks and credit unions must remain vigilant when it comes to their data. One of the changing regulations is FASB’s move to a current expected credit loss (CECL) model. Only 31 percent said they were archiving loan level detail.

CECL 60

CECL Credit Unions Credit and Collections 60

Abrigo

FEBRUARY 3, 2016

With the release of the FASB’s final guidance on the current expected credit loss (CECL) model expected in the first half of 2016, the Summit will provide the latest information on how banks and credit unions should prepare for the transition to the new model and what the impact may be.

Credit Unions 60

Credit Unions CECL 60

Abrigo

DECEMBER 2, 2014

In addition, the pending FASB CECL model is expected to be released in the first half of 2015. Bankers interested in learning more about the CECL model and associated impacts can access the complimentary whitepaper: FASB’s CECL Model: How to Prepare Now. Blog Bank Credit Union'

CECL 83

CECL Credit Unions 83

Abrigo

OCTOBER 21, 2014

The Financial Accounting Standards Board (FASB) continues to receive attention surrounding their proposed current expected credit loss (CECL) model , as final guidance is expected to be released late 2014 or early 2015. Blog Bank Credit Union'

CECL 83

CECL Credit Unions Transactions 83

Abrigo

JUNE 23, 2016

As the OCC noted in its 2015 Survey of Credit Underwriting Practices , credit risk is increasing as underwriting standards have eased more than tightened for commercial and retail loan products for the third consecutive year amid increased competition for business.

CECL 60

CECL Credit Unions Credit Risk Credit Management 60

Abrigo

OCTOBER 11, 2014

The top-rated sessions at the Summit included: • FASB’s CECL Model : What Next? • How to Justify a Change in Your ALLL • Accounting for Purchased Loans • Documenting Qualitative Factors • Preparing Your ALLL for 2015. Blog Bank Credit Union' • Stress Testing: What Examiners Expect?

Credit Unions 76

Credit Unions CECL 76

Abrigo

JANUARY 19, 2015

While the FASB is trying to encourage forward-looking credit risk measures through their proposed CECL model , due out this year, banks can incorporate now a stress testing analysis that provides insight into the potential impact credit performance may have on capital. Blog Bank Credit Union' percent to 5.8

Credit Unions 90

Credit Unions CECL Credit Risk 90

Abrigo

OCTOBER 2, 2015

A central difference between the existing incurred-loss model for estimating credit losses and the FASB’s proposal utilizing a current expected credit loss , or CECL, model is that financial institutions will need to estimate how much money they will lose on loans throughout the life of the loans.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

OCTOBER 23, 2015

Behringer, McGladrey’s national leader for credit risk services. Portfolio stress tests can provide a number of benefits beyond compliance with regulatory expectations, Behringer said recently at the 2015 Risk Management Summit hosted by Sageworks.

Credit Unions 60

Credit Unions CECL Credit Risk Default 60

Abrigo

JUNE 30, 2015

The attention on the FASB’s current expected credit loss (CECL) model has only increased in recent months, as the industry braces for the release of final guidance before the end of 2015. The CECL model will require banks and credit unions to consider expected losses rather than incurred losses.

CECL 60

CECL Credit Unions Accounting Firms 60

Abrigo

JUNE 15, 2023

billion laundered between 2015 and 2020 through the U.S. Credit: Brian Koppel, Reel to Real Filming Locations blog According to a Global Financial Integrity (GFI) study , an estimated $2.3 billion was laundered between 2015 and 2020 through the U.S. real estate market alone. real estate market alone.

Credit Unions 78

Credit Unions Credit and Collections Transactions CECL 78

Abrigo

JANUARY 12, 2016

One of every six financial institutions responding to the 2015 Sageworks Bank & Credit Union Examination Survey said that examiners criticized or required action related to their risk ratings practices. Here are four more reasons recently discussed during a Sageworks webinar.

Credit Unions 60

Credit Unions CECL Credit and Collections Default 60

Abrigo

FEBRUARY 16, 2015

A popular opinion, brought to the forefront last week by a Harvard University report , is that these regulations are imposing a significant burden on small financial institutions such as community banks and credit unions. ” Credit unions, of course, have skin in the game, too. Blog Bank Credit Union'

Credit Unions 60

Credit Unions CECL Small Businesses 60