More ALLL Coverage

Where Are Banking Peers in CECL Implementation? Find Out

Where Are Banking Peers in CECL Implementation? Find Out

If you’ve wondered how far along your financial institution peers are in implementing the current expected credit loss standard (CECL), ...
Read More
cecl-disclosures

The top CECL changes to ALLL disclosures

The current expected credit loss (CECL) model requires financial institutions to overhaul many aspects of their accounting for the allowance ...
Read More
Becoming CECL compliant with an ALLL workflow system

Becoming CECL compliant with an ALLL workflow system

While seeking to adapt in an ever-changing regulatory environment, bankers must adhere to heightened data requirements, new calculation procedures, and ...
Read More
Could CECL changes be coming?

Could CECL changes be coming?

The spotlight is shining brightly this month on potential changes to the current expected credit loss (CECL) model, even though ...
Read More
What if your CECL results aren't what you expected?

What if your CECL results aren’t what you expected?

Financial institutions across the country are now actively preparing for the ALLL transition from the incurred loss to expected loss ...
Read More
FASB seeks comments on proposed CECL updates on accrued interest, recoveries, prepayments

FASB seeks comments on proposed CECL updates on accrued interest, recoveries, prepayments

Financial institutions and other parties interested in the current expected credit loss model, or CECL, have until Dec. 19 to ...
Read More

Latest Resources

calculating the ALLL

How a Financial Institution is Getting CECL Ready: Key Decisions and Steps in the CECL Transition

In this webinar, hear from a VP/Controller, VP/Director of Credit Risk, and Senior Credit Risk Analyst at Great Southern Bank, and from the Bank’s Advisory team at Abrigo on their experiences with CECL so far, the decisions they have or are planning to make, and their expectations for the future. Great Southern Bank operates out of Springfield, Mo., and has total assets of approximately $4 billion.
ALLL peer groups

CECL: Where Are We Now? 2019 Survey Results

For the third year in a row, Abrigo (formerly MST, Sageworks, and Bankers Toolbox) surveyed 125 individuals at a wide range of financial institutions to gauge CECL preparedness. The 2019 survey shows that as the Q1 2020 compliance date looms for SEC registrants, institutions of all types are making progress – but not enough, according to CECL experts.
Answering CECL questions

CECL in the News: What’s New & How It Might Affect Your Institution’s CECL Implementation

With less than a year until public business entities must begin complying with CECL, banks and credit unions have been fervently beginning transition efforts, and their preparations are taking center stage in regulatory and financial news. Important CECL news updates and potential changes to how institutions implement the accounting standard have come from the Financial Accounting Standards Board (FASB) and their Transition Resource Group, bank and securities regulators, and proposals by industry associations.

Tip Of The Day

Currently the new CECL standard seeks calculations that make use of an institution’s “reasonably available” data. Starting to collect granular, loan-level data today will provide at least three years’ worth of good and useful data by implementation.

Poll

What type of data do you anticipate leveraging for your CECL calculation?

  • 1-5 years of detailed loan level data
  • 5+ years of detailed loan level data
  • 1-5 years of aggregate (pool level) data
  • 5+ years of aggregate (pool level) data
  • I don't know the difference

ALLL.com Insiders

CFO Corner -- “ALLL” about CECL

CFO Corner — “ALLL” about CECL

In this occasional feature, CFOs from financial institutions share their approaches to the ALLL and to the CECL transition, as ...
Read More
The biggest initial impact of CECL on financial institutions

The biggest initial impact of CECL on financial institutions

Most financial institutions understand CECL, and more specifically applying the CECL model to their loan portfolio, represents the most significant ...
Read More
Validating ALLL models under CECL – What might change?

Validating ALLL models under CECL – What might change?

What does model validation mean for the allowance for loan and lease losses and what will it mean under CECL? ...
Read More