Loan Portfolio Management
|
|
|
- Christina Merryl Barber
- 6 years ago
- Views:
Transcription
1 Loan Portfolio Management Michael Wear
2 ALLL Activity - Summary ($000) /2016 Beginning 2,456 3,471 4,343 6,513 Balance Provisions 2,000 2,000 8,000 6,000 Net Charge-offs Ending Balance (985) (1,128) (5,873) (5,891) 3,471 4,343 6,470 6,622 ANB 0.92% 1.07% 1.60% 1.66% 3 An institution s failure to analyze the collectability of the loan portfolio and maintain and support an appropriate ALLL in accordance with GAAP and supervisory guidance is generally an unsafe and unsound practice. -FIL
3 The ALLL represents one of the most significant estimates in an institution s financial statements and regulatory reports. -FIL Estimate of current* credit losses Known (loans individually analyzed) Unknown (inherent, remainder of loan portfolio) (Contra Account) to Total Loans & Leases Provisions are Expensed Methodology Consistent with Regulations and GAAP/IFRS Commensurate with the bank s size & loan portfolio composition Self-contained and well-documented * until Current Expected Credit Loss model is required 6
4 When available information confirms that specific loans, or portions thereof, are uncollectible, these amounts should be promptly charged off against the ALLL. -FIL
5 CAMELS Regulatory Actions Capital Requirements (Basel III) Financials (FASB) Call Reports SEC Governance 9 Pre-Credit Crisis (< 2005) Public Banks: SEC Considerations Had large, unallocated reserves Reserving for future, speculative events Lack of transparency in public filings Private Banks: Pre-set reserve % for Pass, SM, Sub, & Doubtful risk ratings Banks Response: reduce ALLL & Provisions to bolster earnings Credit Crisis Massive Charge-offs, Replenishing ALLL, Capital Planning Change in Methodology to Current Expected Credit Loss modeling (CECL) 10
6 ALLL should peak PRIOR to surge in delinquencies The opposite has been true Creates contra-cyclical or reactionary results 11 FDIC All Institutions 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Mar
7 FDIC All Institutions 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Mar
8 Anonymous National Bank -- Peer Comparison /2016 ANB 0.92% 1.07% 1.60% 1.66% Peers 1.40% 1.46% 1.54% 1.51% 15 Anonymous National Bank -- Peer Comparison /2016 ANB 2.09x 0.49x 0.56x 0.86x Peers 1.86x 2.05x 1.66x 2.15x 16
9 Anonymous National Bank -- Peer Comparison /2015 ANB 3.52x 3.85x 1.10x 0.28x Peers 4.84x 4.32x 3.40x 4.19x 17 A stagnant, preset level We reserve at 1.50% of Total Loans. An unsubstantiated total of buckets of reserve Pass-rated = 1% Special Mention = 5% Substandard = 15% Doubtful = 50% A goal to just shoot for with future earnings & provisions We want to get to 2.00% of Total Loans by FYE. 18
10 Move Unexpected Losses to Expected Qualitative Factors Protect against volatile earnings swings Provisions Long-term, consistent profitability ALLL Adequacy Protect Capital against large charge-offs Provisions Properly value loan portfolio by quantifying inherent risk ALLL Adequacy with CECL modeling Consistent behavior aligned with credit policy Monitoring, Risk Ratings, Workouts, Chargeoffs 19 At least Quarterly ALLL Amount Calculation Provision Amount Determination 20
11 At least Annually ALLL policies and procedures: Data Capture and Information supplied Loan Review System and Controls Staff Qualifications & Independence Effective Loan Grading Problem Asset Identification and Workout Prompt Charge-offs ALLL Model Assumptions and Conclusions 21 Periodically Validate ALLL Methodology By an Independent Third-Party Internal Compliance, Audit External Accountant or Contractor Testing to include: Data used Methods used (FASB, Regulatory Guidance) Conclusions Check those Qualitative / Environmental Factors 22
12 Loan Segments (Pools) (FAS 5; ASC 450) Impaired Loans (FAS 114; ASC ) Qualitative Factors ALLL 23 Loan Segments (Pools) Groups of Loans with Similar Risk Characteristics or Call Report Categories Historical Loss Rates Lagging Indicator Extraordinary Loss Rates De Novo Banks Sample Loan Pools: CRE-Owner Occupied CRE-Investor Construction & Development Commercial Consumer Residential-1 st Residential Jr. Credit Card, O/D s 24
13 Impaired Loans Individually Evaluated Loan-by-Loan Basis If Impaired 3 Methods Liquidation Value of Collateral PV (Present Value) of Cash Flow Observable Market Value Not Well Documented Not Critical Enough Holding Period Costs 25 Qualitative Factors Adjustment (+) to Historical Loss Rates Leading Indicators Concentrations Local Economic Data Collateral Valuation Q-Factor Examples: Economic Conditions Anticipated Change in Loan Volume Trends in Past-dues & Non-Accruals Industry trend for large (Ag, CRE) loan concentrations New Lenders or Staff 26
14 Peer Groups to compare and understand trends Cannot use Peer Group Comparison to determine adequacy of ALLL Typical Ratios used to determine adequacy: ALLL-to Total loans Adversely classified or graded loans Past-due and non-accrual loans Non-performing loans (non-accruals plus 90+ day PD s) Provisions-to Gross Charge Offs Net Charge Offs 27 Examples: Historical Losses by Loan Segment (Pool) Historical Losses by Risk Rating Historical Losses by Transaction Size Historical Losses by Delinquency Peer Groups Benefits Increased Flexibility in Provision Amounts Easier on the Budget Demonstrates Proactive Management 28
15 Upper End of Range: ALLL based on Loan Segments 1.93% Lower End of Range: ALLL based on Risk Ratings 1.77% In Student Notebook: Sample ALLL Calculation 29 A portion of an institution s allowance for loan and lease losses (ALLL) is referred to as excess. Overly simplistic formula method. Lacking written description of processes and methodology. * Excerpts from OCC Examiner s Handbook 30
16 Follows current accounting standards Utilizes a range Includes sample loss data collection under CECL (e.g. vintage analysis) 31 Loan Segments (Pools) (CECL Model) Impaired Loans (CECL Judgment ) Qualitative Factors (CECL Judgment ) ALLL The standard does not require a specific credit loss method, allowing an organization to use judgment appropriate in its circumstances. - FASB 32
17 1.40% Auto Loan Loss Rate 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% Average Historical Loss Rate for Auto Loans = 0.65% Year 1 Year 2 Year 3 Year 4 Year % Auto Loan Loss Rate 1.20% 1.00% 0.80% 1.25% 0.60% 0.81% 0.40% 0.67% 0.20% 0.32% 0.21% 0.00% Year 1 Year 2 Year 3 Year 4 Year 5 34
18 1.40% Auto Loan Loss Rate 1.20% 1.00% 0.80% 1.25% 0.60% 0.81% 0.40% 0.67% 0.20% 0.32% 0.21% 0.00% Year 1 Year 2 Year 3 Year 4 Year 5 35 Who? ALL Banks, Bank Holding Companies, and Businesses What? Accounting Standards Update (ASU) : Financial Instruments Credit Losses (Topic 326) Immediately record full amount of credit losses that are expected. For purchased loans, allowance is added to purchase price. Does not change charge-off or non-accrual processes 36
19 Why? Recent Global Financial Crisis current model criticized for not recognizing losses until they became probable (too late) To close differences between U.S. GAAP and IFRS Also covers purchased (distressed) assets, leases, offbalance sheet items, receivables, debt securities all financial assets essentially 37 When? (Effective Dates) Publicly-owned (SEC) Banks = 12/15/2019 Other Publicly-owned Entities* = 12/15/2020 *Banks with stock traded on OTC (C-corp or S-corp) *Banks with debt securities traded by broker(s) *Potentially, Banks > $500M that have: Issued Debt Securities Larger number of shareholders *Check out ABA s Discussion Paper, Definitions of Private Company and Public Business Entity (May, 2016) All others (Privately-owned) Banks = 12/15/
20 How? Cumulative-effect, single adjustment entry to Retained Earnings with first financials after Effective Date Additional disclosures (footnotes to financials) regarding the single adjustment and subsequent methodology [goal = more transparency] Change in ALLL methodology to measure all expected credit losses based on: Historical experience Current conditions Supportable forecasts Use of [documented] judgment to determine method(s) used Can leverage existing methods & processes 39 CECL is considered the most impactful banking regulation since Dodd-Frank. - Software Company selling FASB understands that reporting organizations will incur additional costs as a result of the new ASU. -FASB 40
21 Data Collection Model Building Parallel Testing & Refinement Capital Planning & Impact Testing Ready for CECL Time frame for a Privately-held Bank : Understand CECL ABA, Webinars, State Associations, Bank Schools, Correspondent Bank, Peer Banks, GSB CLASSMATES Identify the Data Requirements What data points to collect Where to store the data Start Collecting Data NOW Key Dates (origination, default, loss1, loss2, etc.) Loan Terms (product type, risk rating and policy / underwriting exceptions at origination, at default, and at loss event) Credit Conditions (market rate for product type, [local] economic conditions at origination, at default, and at loss event) 42
22 2017: Understand, Build, and Test Forecasting Model(s) Life of Loan (LOL) CECL Model Time Frame Historical Loss Model Time Frame 2 5 Years Remainder of Life of Loan (8 20 Quarters) The biggest challenges of CECL center on the LOL loss concept, whereby credit losses expected over the life of the loan are effectively recorded upon origination. - ABA 43 Historical Loss Rate Estimate based on the past Various look-back periods Apply qualitative factor adjustments Vintage Analysis Measure based on age of loan (forecast period) Can use Historical Loss Rate + Qualitative Factor (current & expected economic conditions) beyond forecast period Develop cumulative Loss Curves for each loan pool * Asset Class used in CECL. Refers to any group of financial assets with common risk factors. 44
23 Probability of Default Analysis Losses = PD * EAD * LGD (Probability of Default) * (Exposure At Default) * (Loss Given Default) Current Basel models typically have just a 12-month forecast period More frequent back-testing required Discounted Cash Flow Modeling Based on Present Value (PV) of expected Cash Flows Interest Rate used for discounting Probability weighting is not allowed : Parallel Testing & Refinement: Choose best Methodology for your bank & the loan pool Run CECL concurrently with Current Methodology to determine differences in Provisions & ALLL level Determine how to utilize Qualitative Factors Back-test against known historical loss events or economic condition changes 46
24 2019: Capital Planning: Start funding additional provisions, if CECL indicates such is needed for cumulative adjustment Impact Testing: Test both Current Methodology and CECL using scenarios, such as: Loan Special run-up in volume Major Economic Impact causing spike in losses in particular loan pools, geographic region, etc. Across the Board change in loan volume, overall loss rates, etc. for portfolio-wide stress test of ALLL adequacy 47 Do we have to purchase software to comply with CECL? I ve heard CECL will increase our ALLL by 15-50%. Is that true? Additional CECL resources are on your Student Website for this course. 48
25 49
CECL Effective Date for Private Banks. A Discussion Paper of the AMERICAN BANKERS ASSOCIATION. ABA Contact: Michael L. Gullette
CECL Effective Date for Private Banks A Discussion Paper of the AMERICAN BANKERS ASSOCIATION ABA Contact: Michael L. Gullette SVP, Tax and Accounting mgullette@aba.com 202-663-4986 the practical and ongoing
CECL Effective Date for Private Banks. A Discussion Paper of the AMERICAN BANKERS ASSOCIATION
CECL Effective Date for Private Banks A Discussion Paper of the AMERICAN BANKERS ASSOCIATION August 2018 Update: FASB Issues Exposure Draft to Change the Effective Date ABA Contact: Michael L. Gullette
ALLL and the New Estimate of Loan Losses
ALLL and the New Estimate of Loan Losses An update on the proposed impairment model and improving the measurement of credit losses MICH ARATEN, MANAGING DIRECTOR, CREDIT RISK CAPITAL ADVISORY CHRIS HENKEL,
Berkshire Bancorp Inc. and Subsidiaries Consolidated Financial Statements December 31, 2018 and 2017
MAZARS USA LLP Berkshire Bancorp Inc. and Subsidiaries Consolidated Financial Statements MAZARS USA LLP IS AN INDEPENDENT MEMBER FIRM OF MAZARS GROUP. Berkshire Bancorp Inc. and Subsidiaries Table of Contents
FedLinks. Connecting Policy with Practice. Expectations for Banks. How Examiners Assess the ALLL
FedLinks Connecting Policy with Practice ALLOWANCE FOR LOAN AND LEASE LOSSES JANUARY 2013 During periods of unstable financial conditions, meeting the supervisory expectations for maintaining an appropriate
Are you prepared? FASB s CECL Model for Impairment Demystifying the Proposed Standard
Are you prepared? FASB s CECL Model for Impairment Demystifying the Proposed Standard Chad Kellar, CPA Senior Manager Crowe Horwath LLP Lauren Smith, CPA Senior Manager Primatics Financial Raj Mehra Executive
USAA Federal Savings Bank
USAA Federal Savings Bank Pillar 3 Regulatory Capital Disclosures For the quarterly period ended June 30, 2015 Table of Contents Introduction and Scope of Application...1 Risk Management... 2 Basel Capital
Joint Statement on the New Accounting Standard on Financial Instruments - Credit Losses
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency Joint Statement on the New Accounting
Allowance for Loan Losses A Practical Approach. May 19, 2013 Bart P. Ferrin, CPA Ferrin & Company, LLC
Allowance for Loan Losses A Practical Approach May 19, 2013 Bart P. Ferrin, CPA Ferrin & Company, LLC Accounting Standards Guidance FASB Guidance July 2010, the FASB issued Accounting Standards Update
Navigating a sea change US Current Expected Credit Losses (CECL) survey
Navigating a sea change US Current Expected Credit Losses (CECL) survey Foreword...1 Executive summary...2 Introduction...4 About the survey...5 A comprehensive CECL program...6 Implementation timetable
Center for Plain English Accounting
Report February 22, 2017 Center for Plain English Accounting AICPA s National A&A Resource Center available exclusively to PCPS members The Current Expected Credit Loss (CECL) Model Are You Ready? Background
Unravelling the Guidelines in Preparation for CECL (ASU ) 11/29/2016
Unravelling the Guidelines in Preparation for CECL (ASU 2016-13) 11/29/2016 1 Today s Agenda Introductions CECL Overview Impact on the Institution i Calculation Methodologies Data Requirements Disclosure
Evaluating the Credit Loss Estimates in M&A / Capital Raise Scenarios. David H. Ruffin Director DHG Credit Risk Management
Evaluating the Credit Loss Estimates in M&A / Capital Raise Scenarios David H. Ruffin Director DHG Credit Risk Management Agenda (September 14, 2017) A decade of credit mark / portfolio loss estimates
Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures
Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended September 30, 2018 1 Table of Contents Disclosure Map.. 3 Introduction... 6 Executive Summary... 6 Company
Overview of ASC (CECL)
Overview of ASC 326-20 (CECL) FASB Accounting Standards Update (ASU) 2016-13, Financial Instruments Credit Losses Topic 326 was approved in June 2016. FASB replaced the current incurred loss accounting
Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures
Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended June 30, 2018 1 Table of Contents Disclosure Map.. 3 Introduction... 6 Executive Summary... 6 Company Overview
Inside the new credit loss model
August 2016 Inside the new credit loss model Requirements and implementation considerations An article by Chad Kellar, CPA, and Matthew A. Schell, CPA, CFA Audit / Tax / Advisory / Risk / Performance Smart
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. ) ) ) ) CONSENT ORDER ) ) FDIC b
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. In the Matter of NANTAHALA BANK & TRUST COMPANY FRANKLIN, NORTH CAROLINA (Insured State Nonmember Bank) ) ) ) ) CONSENT ORDER ) ) FDIC-10-501b ) )
Annual Company-Run Stress Test Results
Wells Fargo & Company Annual Company-Run Stress Test Results Under the Supervisory Prescribed Severely Adverse Scenario June 21, 2018 Contents Overview... 3 Supervisory Severely Adverse Scenario Overview...
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. and STATE OF NORTH CAROLINA NORTH CAROLINA COMMISSIONER OF BANKS RALEIGH, NORTH CAROLINA
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. and STATE OF NORTH CAROLINA NORTH CAROLINA COMMISSIONER OF BANKS RALEIGH, NORTH CAROLINA ) In the Matter of ) ) MACON BANK, INC. ) CONSENT ORDER FRANKLIN,
Financial Instruments Credit Losses How to Calculate CECL in Excel Monday, June 11, 2018
Financial Instruments Credit Losses How to Calculate CECL in Excel Monday, June 11, 2018 Presented by: Ryan Abdoo, CPA, CGMA Industry Technical Leader Plante Moran Chris Ritter, CPA Partner Plante Moran
Dodd-Frank Act Company-Run Stress Test Disclosures
Dodd-Frank Act Company-Run Stress Test Disclosures June 21, 2018 Table of Contents The PNC Financial Services Group, Inc. Table of Contents INTRODUCTION... 3 BACKGROUND... 3 2018 SUPERVISORY SEVERELY ADVERSE
Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures
Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended September 30, 2017 1 Table of Contents Disclosure Map... 3 Introduction... 6 Executive Summary... 6 Company
Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures
Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended June 30, 2017 1 Table of Contents Disclosure Map... 3 Introduction... 6 Executive Summary... 6 Company Overview...
Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures
Wells Fargo & Company Basel III Pillar 3 Regulatory Disclosures For the quarter ended March 31, 2018 1 Table of Contents Disclosure Map Introduction Executive Summary Company Overview Basel III Overview
USAA Federal Savings Bank
USAA Federal Savings Bank Pillar 3 Regulatory Capital Disclosures For the Quarterly Period Ended Jun. 30, 2017 Table of Contents Introduction and Scope of Application... 1 Risk Management... 2 Basel Capital
PILLAR 3 REGULATORY CAPITAL DISCLOSURES
PILLAR 3 REGULATORY CAPITAL DISCLOSURES For the quarterly period ended Table of Contents Disclosure map Introduction Report overview Basel III overview Enterprise-wide risk management Risk governance
Annual Company-Run Stress Test Results
Wells Fargo & Company Annual Company-Run Stress Test Results Under the Supervisory Prescribed Severely Adverse Scenario June 22, 2017 Contents Overview...3 Supervisory Severely Adverse Scenario Overview...5
Current Expected Credit Losses (CECL) for Mortgage Banking
Current Expected Credit Losses (CECL) for Mortgage Banking November 15, 2017 Presented by: Matthew Streadbeck, Partner, Ernst & Young LLP Carrie Kennedy, Partner, Moss Adams, LLP Jonathan Prejean, Managing
Expanding Sensitivity Analysis and Stress Testing for CECL
Expanding Sensitivity Analysis and Stress Testing for CECL December 2016 Today s Speakers Michael L. Gullette, Vice President, Accounting and Financial Management, American Bankers Association Mike works
Estimating Credit Losses: Evaluating Loss Emergence Period and Qualitative Factors
Estimating Credit Losses: Evaluating Loss Emergence Period and Qualitative Factors INTRODUCTION The AICPA Audit and Accounting Guide Depository and Lending Institutions: Banks and Savings Institutions,
USAA Federal Savings Bank Pillar
USAA Federal Savings Bank Pillar 3 Regulatory Capital Disclosures Pillar 3 Regulatory Capital Disclosures For the Quarterly Period Ended Sep. 30, 2018 Table of Contents Introduction and Scope of Application...1
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended December 31, 2016 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted
What are CECL gaps in the current ALLL process?
What are CECL gaps in the current ALLL process? Considerations for implementing the forthcoming Accounting for Financial Instruments: Credit Losses standard Zions Bancorporation Alexander Hume Controller
Pillar 3 Regulatory Capital Disclosures Advanced Approaches. For the quarter ended March 31, 2017
Pillar 3 Regulatory Capital Disclosures Advanced Approaches For the quarter ended March 31, 2017 TABLE OF CONTENTS DISCLOSURE MAP... 3 SCOPE OF APPLICATION... 4 CAPITAL STRUCTURE... 5 CAPITAL ADEQUACY...
Cherry, Bekaert & Holland, L.L.P. The Allowance for Loan Losses and Current Credit Trends
Cherry, Bekaert & Holl, L.L.P. The Allowance for Loan Losses Current Cid Hickman, Partner, Industry Leader Services Group chickman@cbh.com www.cbh.com 919.782.1040 Agenda Current Bank Performance Framework,
A CECL Primer. About CECL
A CECL Primer Introduction The purpose of this paper is to provide a brief overview of Visible Equity s solution to CECL (Current Expected Credit Loss). Many facets of our CECL solution, such as the methods
FORM 10-Q. Commission File No New Bancorp, Inc. (Exact name of registrant as specified in its charter)
10-Q 1 nwbb20170630_10q.htm FORM 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 For
Pillar 3 Regulatory Capital Disclosures
Pillar 3 Regulatory Capital Disclosures Advanced Approaches For the quarter ended TABLE OF CONTENTS DISCLOSURE MAP...3 SCOPE OF APPLICATION...4 CAPITAL STRUCTURE...5 CAPITAL ADEQUACY...5 RISK MANAGEMENT
All of the Method None of the Madness
CECL Simplified Current Expected Credit Losses ASU 2016-13 All of the Method None of the Madness The ProBank Austin 2017 Webinar Series November 9, 2017 11:00 AM ESDT Live Case Study - CECL I. Example
The PNC Financial Services Group, Inc. Basel III Pillar 3 Report: Standardized Approach June 30, 2018
The PNC Financial Services Group, Inc. Basel III Pillar 3 Report: Standardized Approach June 30, 2018 Page References Pillar 3 Disclosure Description Pillar 3 Report June 30, 2018 Form 10-Q Introduction
Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures
Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended December 31, 2017 1 Table of Contents Disclosure Map... 3 Introduction... 5 Executive Summary... 5 Company
Northern Trust Corporation
Northern Trust Corporation Pillar 3 Regulatory Disclosures For the quarterly period ended March 31, 2015 Northern Trust Corporation PILLAR 3 REGULATORY DISCLOSURES For the quarterly period ended March
USAA Federal Savings Bank
USAA Federal Savings Bank Pillar 3 Regulatory Capital Disclosures For the Quarterly Period Ended Dec. 31, 2017 Table of Contents Introduction and Scope of Application... 1 Risk Management... 2 Basel Capital
STATE DEPARTMENT FEDERAL CREDIT UNION
FINANCIAL STATEMENTS (With Independent Auditor s Report Thereon) TABLE OF CONTENTS Page INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL STATEMENTS Statements of Financial Condition... 3 Statements of Income...
CECL: A Discussion. June 16, 2016 P R E S E N T E D B Y
CECL: A Discussion June 16, 2016 P R E S E N T E D B Y About Sageworks. Neekis Hammond Neekis specializes in ALLL - ASC 450-20 and ASC 310-10; CECL preparation and methodology; acquired loan accounting
PILLAR 3 REGULATORY CAPITAL DISCLOSURES
PILLAR 3 REGULATORY CAPITAL DISCLOSURES For the quarterly period ended Table of Contents Disclosure map 1 Introduction 2 Report overview 2 Basel III overview 2 Enterprise-wide risk management 3 Governance
USAA Federal Savings Bank
USAA Federal Savings Bank Pillar 3 Regulatory Capital Disclosures For the Quarterly Period Ended Sept. 30, 2015 Table of Contents Introduction and Scope of Application... 1 Risk Management... 2 Basel Capital
Quarterly Conversations with the Federal Reserve Bank of St. Louis Live from Arvest Bank Bentonville, Arkansas. May 20, 2015
Quarterly Conversations with the Federal Reserve Bank of St. Louis Live from Arvest Bank Bentonville, Arkansas May 20, 2015 1 Options to Join the Conversation Webinar and audio Click on the link: https://www.webcaster4.com/webcast/page/584/7626
Dodd-Frank Act Stress Test 2017 Public Disclosure
Dodd-Frank Act Stress Test 2017 Public Disclosure October 25, 2017 About MB Financial, Inc. MB Financial, Inc., headquartered in Chicago, Illinois, is a financial holding company. The words MB Financial,
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended September 30, 2017 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted
Accounting Update. John Rieger, Deputy Chief Accountant, Federal Deposit Insurance Corporation, Washington, DC
A Regulatory Update John Rieger, Deputy Chief Accountant, Federal Deposit Insurance Corporation, Washington, DC Caren Hill, CPA, Western District, Office of the Comptroller of the Currency, Denver CO Tullus
Accounting Update. Joanne Wakim. Chief Accountant Federal Reserve Board
Accounting Update Joanne Wakim Chief Accountant Federal Reserve Board 1 Disclaimer The opinions expressed in this presentation are intended for informational purposes and are not formal opinions of, nor
The PNC Financial Services Group, Inc. Basel III Pillar 3 Report: Standardized Approach June 30, 2015
The PNC Financial Services Group, Inc. Basel III Pillar 3 Report: Standardized Approach June 30, 2015 Page References Pillar 3 Disclosure Description Pillar 3 Report June 30, 2015 Form 10-Q 2014 Form 10-K
Frequently Asked Questions:
Frequently Asked Questions: CECL for Community Banks and Credit Unions What is the current expected credit loss (CECL)? The current expected credit loss (CECL) is a new GAAP accounting standard that will
PILLAR 3 DISCLOSURES
. The Goldman Sachs Group, Inc. December 2012 PILLAR 3 DISCLOSURES For the period ended December 31, 2014 TABLE OF CONTENTS Page No. Index of Tables 2 Introduction 3 Regulatory Capital 7 Capital Structure
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period
Ready, Set, Go! Will the latest proposed FASB changes get the green light? Financial Instruments - Credit Losses. Insight. Oversight. Foresight.
Ready, Set, Go! Will the latest proposed FASB changes get the green light? Financial Instruments - Credit Losses Insight. Oversight. Foresight.sm Overview During the past several years, the Financial Accounting
The PNC Financial Services Group, Inc. Basel III Pillar 3 Report: Standardized Approach September 30, 2016
The PNC Financial Services Group, Inc. Basel III Pillar 3 Report: Standardized Approach September 30, 2016 Page References Pillar 3 Disclosure Description Pillar 3 Report September 30, 2016 Form 10-Q 2015
SAVE THE DATE! 22nd Annual CFO Council Conference The Disneyland Hotel Anaheim, CA May 15 18, 2016
SAVE THE DATE! 22nd Annual CFO Council Conference The Disneyland Hotel Anaheim, CA May 15 18, 2016 2 A Practical Guide to the Allowance for Expected Credit Loss FASB Subtopic 825-15 Agenda 1 2 3 4 Introduction
CECL Frequently Asked Questions (Updated January 2019)
CECL Frequently Asked Questions (Updated January 2019) 1. What is CECL?... 2 2. Why is FASB changing to the CECL standard?... 2 3. Why are credit unions subject to CECL?... 2 4. What is the effective date
At the Crossing between Risk and Accounting. Loan-loss Provisioning with Expected Credit Losses
At the Crossing between Risk and Accounting Loan-loss Provisioning with Expected Credit Losses AGENDA 2013 Agenda 1 The role of loan-loss provisioning models during the Crisis 2 3 Expected impacts on the
CECL and IFRS 9: Preparing today to be compliant tomorrow
CECL and IFRS 9: Preparing today to be compliant tomorrow kpmg.com 0 Table of Contents 1 A second look at the incurred loss model 2 2 A forward-looking approach 2-3 3 Next steps for dual reporters 4 4
PILLAR 3 DISCLOSURES
The Goldman Sachs Group, Inc. December 2012 PILLAR 3 DISCLOSURES For the period ended June 30, 2014 TABLE OF CONTENTS Page No. Index of Tables 2 Introduction 3 Regulatory Capital 7 Capital Structure 8
FASB Releases the Final CECL Accounting Standard
FASB Releases the Final CECL Accounting Standard June 24, 2016 The Financial Accounting Standards Board s (FASB) latest Accounting Standards Update, ASU No. 2016-13, Financial Instruments Credit Losses
The Latest on FASB s CECL Model and How to Prepare.
The Latest on FASB s CECL Model and How to Prepare. May 12, 2016 New Orleans PRESENTED BY Rob Ashbaugh Senior Risk Management Consultant Sageworks About Sageworks. Disclaimer. This presentation may include
AMENDED LETTER TO SHAREHOLDERS O n behalf of your Board of Directors, management team and staff, I am pleased to present the annual report for the fiscal year ended December 31, 2016, for Minden Bancorp,
CREDIT RISK MANAGEMENT GUIDANCE FOR HOME EQUITY LENDING
Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of Thrift Supervision National Credit Union Administration CREDIT
Accounting for Credit Losses, Where will the road end up?
Accounting for Credit Losses, Where will the road end up? PACB 137th ANNUAL CONFERENCE BARRY M. PELAGATTI, CPA Assurance Partner, BDO USA, LLP September 6, 2014 BDO USA, LLP, a Delaware limited liability
The Journey to Implementation Continues
POINT OF VIEW The Journey to Implementation Continues Shifting from an Incurred Loss to an Expected Loss Model Current Expected Credit Loss (CECL) is a new accounting standard that will replace ASC 450-20
PRIVATEBANCORP, INC. (PVTB)
PRIVATEBANCORP, INC. (PVTB) DODD-FRANK ACT COMPANY-RUN STRESS TEST DISCLOSURE UNDER SUPERVISORY SEVERELY ADVERSE SCENARIO OCTOBER 20, 2016 Introduction PrivateBancorp, Inc. ( PrivateBancorp, the Company,
Northern Trust Corporation
Northern Trust Corporation Pillar 3 Regulatory Disclosures For the quarterly period ended March 31, 2016 Northern Trust Corporation PILLAR 3 REGULATORY DISCLOSURES For the quarterly period ended March
Basel Pillar 3 Disclosures
Basel Pillar 3 Disclosures September 30, 2017 TABLE OF CONTENTS Introduction................................................................................... Regulatory Framework........................................................................
Current Expected Loss Model: A Practical Implementation Approach for Community Banks
Current Expected Loss Model: A Practical Implementation Approach for Community Banks David Heneke, CPA, CISA, Principal Liz Rider, CPA, Principal Investment advisory services are offered through CliftonLarsonAllen
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. and KANSAS OFFICE OF THE STATE BANK COMMISSIONER TOPEKA, KANSAS ) ) ) ) ) ) )
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. and KANSAS OFFICE OF THE STATE BANK COMMISSIONER TOPEKA, KANSAS In the Matter of HILLCREST BANK OVERLAND PARK, KANSAS (Insured State Nonmember Bank)
2018 What s Ahead. Sal Inserra Crowe Horwath LLP
2018 What s Ahead Sal Inserra 2017 Crowe Horwath LLP 2017 Crowe Horwath LLP Agenda CECL Implementation Considerations Changing Standards. Changing Landscapes SEC Focus Items From the PCAOB 2017 Crowe Horwath
Maspeth Federal Savings and Loan Association and Subsidiaries
Maspeth Federal Savings and Loan Association and Subsidiaries Consolidated Financial Statements Table of Contents Page Independent Auditor s Report 1 Consolidated Financial Statements Consolidated Statements
Managing a Transition to a New ALLL Process
Managing a Transition to a New ALLL Process Chris Martin Manager Credit & Risk (ALLL) Synovus Financial Corp What is the ALLL? The Allowance for Losses on Loans and Leases (ALLL), originally referred to
Stonebridge Bank and Subsidiaries
Stonebridge Bank and Subsidiaries Consolidated Financial Statements December 31, 2017 and 2016 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability
Regulatory Capital Pillar 3 Disclosures
Regulatory Capital Pillar 3 Disclosures June 30, 2015 Table of Contents Background 1 Overview 1 Corporate Governance 1 Internal Capital Adequacy Assessment Process 2 Capital Demand 3 Capital Supply 3 Capital
Webinar: Latest Developments on CECL and Upcoming Changes to the Allowance for Credit Losses. September 8, 2016
Webinar: Latest Developments on CECL and Upcoming Changes to the Allowance for Credit Losses September 8, 2016 An Introduction CECL What s Changing? What s not Changing? Acceptable Methods Myths vs Facts
CECL: Update on Current Expected Credit Loss Approach By Dan St. Clair, Director, Audit Department
CECL: Update on Current Expected Credit Loss Approach By Dan St. Clair, Director, Audit Department Now that a year has passed since FASB issued Accounting Standards Update (ASU) No. 2016-13: Financial
Eye on the Prize: Accounting s Impact on the Bottom Line Gina Anderson and Sara Dopkin. financial services
Eye on the Prize: Accounting s Impact on the Bottom Line Gina Anderson and Sara Dopkin 1 Presenters: Gina Anderson and Sara Dopkin Gina has more than 18 years of experience specializing in audit and accounting
Practical insights on implementing IFRS 9 and CECL
Practical insights on implementing IFRS 9 and CECL We are pleased to present the fourth publication in a series 1 that highlights Deloitte Advisory s point of view about the significance of the Financial
THE S IN CAMELS RATINGS & CURRENT EXPECTED CREDIT LOSS MODEL (CECL) Presented by: Daniel J. Mahalak
THE S IN CAMELS RATINGS & CURRENT EXPECTED CREDIT LOSS MODEL (CECL) Presented by: Daniel J. Mahalak Daniel J. Mahalak Dan is an independent consultant representing Doeren Mayhew in providing services to
In various tables, use of - indicates not meaningful or not applicable.
Basel II Pillar 3 disclosures 2008 For purposes of this report, unless the context otherwise requires, the terms Credit Suisse Group, Credit Suisse, the Group, we, us and our mean Credit Suisse Group AG
Defining Issues. FASB Accelerates Recognition of Credit Losses. June 2016, No Key Facts. Key Impacts
Defining Issues June 2016, No. 16-23 FASB Accelerates Recognition of Credit Losses The FASB s new credit impairment standard will significantly change the way entities recognize impairment of financial
GNB Financial Services, Inc. and Subsidiaries
GNB Financial Services, Inc. and Subsidiaries Gratz, Pennsylvania Financial Statements December 31, 2017 2018 S.R. Snodgrass, P.C. GNB FINANCIAL SERVICES, INC. AND SUBSIDIARIES AUDITED CONSOLIDATED FINANCIAL
EITF Abstracts, Appendix D. Topic: Application of FASB Statements No. 5 and No. 114 to a Loan Portfolio
EITF Abstracts, Appendix D Topic No. D-80 Topic: Application of FASB Statements No. 5 and No. 114 to a Loan Portfolio Date Discussed: May 19-20, 1999 The staff of the Securities and Exchange Commission
Maspeth Federal Savings and Loan Association and Subsidiaries
Maspeth Federal Savings and Loan Association and Subsidiaries Consolidated Financial Statements Table of Contents Page Independent Auditor s Report 1 Consolidated Financial Statements Consolidated Statements
RMA 2016 Annual Risk Management Conference Dallas, TX
RMA 2016 Annual Risk Management Conference Dallas, TX 1 Michael G. Nassy EVP and Chief Credit Officer First Virginia Community Bank mnassy@fvcbank.com (703) 436-3886 Roger G. Shumway EVP and Chief Credit
A Comprehensive Look at the CECL Model
A Comprehensive Look at the CECL Model Table of Contents SCOPE... 3 CURRENT EXPECTED CREDIT LOSS MODEL... 3 LOSS PROBABILITIES... 5 MEASUREMENT OF EXPECTED CREDIT LOSSES... 5 Individual Versus Pooled Assessment...
Northern Trust Corporation
Northern Trust Corporation Pillar 3 Regulatory Disclosures For the quarterly period ended June 30, 2014 Northern Trust Corporation PILLAR 3 REGULATORY DISCLOSURES For the quarterly period ended June 30,
STRESS TESTING Transition to DFAST compliance
WHITE PAPER STRESS TESTING Transition to DFAST compliance Abstract The objective of this document is to explain the challenges related to stress testing that arise when a Community Bank crosses $0 Billion
Analyzing Current Loan Performance Under CECL. A Discussion Paper of the AMERICAN BANKERS ASSOCIATION. ABA Contact: Michael L.
Analyzing Current Loan Performance Under CECL A Discussion Paper of the AMERICAN BANKERS ASSOCIATION ABA Contact: Michael L. Gullette SVP Tax and Accounting mgullette@aba.com 202-663-4986 address the practical
EXHIBIT INFORMATION Financial Statements OFFERING
EXHIBIT INFORMATION Financial Statements OFFERING Consolidated Financial Statements (with Independent Auditors Report) TABLE OF CONTENTS Independent Auditors Report... 1-2 Consolidated Financial Statements:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 10-Q. For the quarterly period ended September 30, 2018
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES
The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended December 31, 2015 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted
Basel II Pillar 3 disclosures
Basel II Pillar 3 disclosures 6M10 For purposes of this report, unless the context otherwise requires, the terms Credit Suisse, the Group, we, us and our mean Credit Suisse Group AG and its consolidated
CECL Modeling FAQs. CECL FAQs
CECL FAQs Moody s Analytics helps firms with implementation of expected credit loss and impairment analysis for CECL and other evolving accounting standards. We provide advisory services, data, economic