ALLL highlighted as part of 2017 Exam Survey

Jun 19, 2017

While Federal Exams for banks and credit unions may be closed-door, institutions now have a way to read firsthand what other institutions hear during their examinations with regulators.

Sageworks offers the biennial, anonymous survey as a means to sharing the lessons learned during exam experiences. Bankers are encouraged to take the survey – roughly 20 questions – and anonymously provide feedback on the areas that received the most scrutiny, changes in the exam, recommendations received from regulators and areas of concern. Take the Survey

In 2015, more than 175 institutions completed the survey, and Sageworks created a report that analyzed the feedback by segment: Asset Size and Regulator. The result is a benchmark report that allows bank and CU management to read exactly what their peers hear during exam times.

The allowance for loan and lease losses is covered as part of the exam survey, including questions such as:
• Level of criticism on the ALLL calculation process
• Feedback on ALLL levels as a percent of the portfolio
• What advice you would share with other institutions about the ALLL

The survey also covers capital levels, management, credit risk and administration, liquidity, portfolio stress testing requirements and asset quality.

While the results are anonymous, bankers who participate in the survey are encouraged to submit their email address at the close of the survey. All participants that provide an email address will be entered to win a $100 Visa Gift Card.  The survey is open through July 2017, and once the survey closes, participants will be among the first to see the results.

If you are involved in the exam survey at a financial institution and would like to participate, take the survey.

To view the results from 2015, download the 2015 Federal Bank and Credit Union Exam Survey.