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ALLL Methodology Solution

Sageworks Surety is an allowance for loan and lease losses solution that financial institutions use to streamline the reserve estimation process. Surety provides a consistent methodology that is defensible and proven to satisfy auditors, examiners, and the board. With Surety, financial institutions can create custom pools for FAS 5 loans and import historic loss rates using a variety of methods. For impaired loans, Surety provides commonly accepted calculations for impairment analysis using the fair market value or the present value of future cash flows methods. Additionally, Surety has a direct link to both FDIC call report information for custom peer group analysis and Federal Reserve Economic Data for supporting qualitative risk factor adjustments. Learn More or See the Customer Stat Sheet

Sageworks Surety helps financial institutions:
  • Automate a cumbersome, manual process to allow more time for analysis.
  • Comply with FAS 5 and 114 regulations.
  • Minimize risk of human error, ensuring better ALLL calculations.
  • Impress examiners with defensible calculations and documented assumptions.
  • Satisfy a variety of reporting needs, including ASU-2010-20 disclosures.

The Sageworks suite of products can be used in conjunction with each other or as individual solutions.

 
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"Sageworks Surety has impressed our examiners and auditors by providing consistency to the ALLL methodology. It is a more consistent, efficient, error-free approach, and it frees up my time to focus on other matters critical to the bank."

Bob Wood

Bank of Travelers Rest

Travelers Rest, SC