- Disclosure requirements announced in the ASU 2010-20 update can be a source of frustration for bankers, given the quick implementation goals, ambiguous descriptions and lack of FASB-published documentation. All banks with audited financial statements are required to comply with the disclosure requirements. Join Sageworks’ Senior Risk Management Consultant Regan Camp to discuss FASB's Topic 310 update and its key highlights for banks and credit unions. He will also discuss enforcement moving forward, as well as ways to simplify the complex process. This webinar offers 1 CPE credit.
- Wednesday, December 18, 2:00 PM - 3:00 PM EST
How to Justify a Change in Your ALLL An overstated ALLL reserve can understate and limit a bank’s earnings. And an understated ALLL reserve will overstate the bank’s earnings and can result in the violation of law. If banks and credit unions feel they have an overstated ALLL, how can they justify a decrease in it?FASB's CECL Model: How it will impact your ALLL With ASU Financial Instruments: Credit Losses, FASB released its latest proposal outlining how to measure credit losses, and it has the potential to drastically change the allowance for loan and lease losses for an institution. Michael Lubansky and Ed Bayer, Sageworks risk management consultants, and Tom Danielson and Todd Sprang, partners at CliftonLarsonAllen, discussed the new Current Expected Credit Losses (CECL) model. They explained how the FASB proposal abandons the “incurred loss” thresholds and attempts to capture “expected losses.”5 C's of Credit: Enhance Your Credit QualityResponsible lending requires a combination of strong loan attributes and solid underwriting processes. Chuck Nwokocha, senior risk management consultant at Sageworks explained what's required to increase credit quality in an institution. This webinar covered the 5 C's of credit analysis and risk ratings, shift in the portfolio from CRE to C&I, and best practices for successful examinations.Stress Testing the Loan PortfolioUnlike the ALLL's definitive methodologies and expectations, stress testing requirements for banks can still cause confusion. Mike Lubansky, director of consulting services at Sageworks, talked about stress testing's data challenges and risk management benefits as well as showed sample outputs and approaches.How to Manage Risk in Member Business LendingAs credit unions look to grow, or implement for the first time, their member business lending (MBL) programs, there are opportunities and risks to consider. Ancin Cooley, principal of Synergy Credit Union Consulting, will discuss how the MBL landscape has changed, what risks are associated with MBL, and tips to help mitigate those risks.