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FASB meeting: New disclosure requirements related to gross write-offs and recoveries

The Financial Accounting Standards Board (FASB) met today to discuss the current expected credit loss (CECL) accounting standard and expand ...
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CECL survey implementation poll

CECL survey: Most bankers to use 3rd-party vendors, advisors for CECL

A majority of bankers expect their financial institutions to use third-party vendors or a combination of advisors and third-party vendors ...
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Large banks push for a CECL extension

Large banks push for a CECL extension

The Bank Policy Institute (BPI), an organization conducting research and advocacy on behalf of America's leading banks, recently wrote a ...
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What one bank views as the key decisions ahead of CECL

What one bank views as the key decisions ahead of CECL

Financial institutions across the U.S. are grappling with the many changes that will be required as they implement the CECL ...
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Can a financial institution’s allowance be lower under CECL?

Can a financial institution’s allowance be lower under CECL?

Will examiners challenge financial institutions if the current expected credit loss method (CECL) results in a lower allowance than under ...
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Discounted cash flow: Good to use for CECL?

Discounted cash flow: Good to use for CECL?

Discounted Cash Flow (DCF) models, while not widely adopted as a means to account for the allowance for loan and ...
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Latest Resources

Interpreting CECL Modeling Results

Interpreting CECL Modeling Results

Financial institutions across the country are now actively preparing for the ALLL transition from the incurred loss to expected loss models. By now, most banks and credit unions are well aware of the methodology options under CECL. However, many are still having challenges interpreting results from their modeling exercises. Common questions that arise include:

What happens if I don’t have enough loan-level historical data?
What do I do if my results are zero?
Are there shortcuts for anticipating when certain approaches won’t work before building models to test?

Join the Sageworks consulting team for an interactive walkthrough of these common modeling problems and questions. They will discuss how results can be interpreted and pivoted to other approaches that may provide more transparent outcomes.

CECL Planning Committee at Credit Unions

Subjective CECL Qualitative Adjustments and Forecasts Under the CECL Model

As institutions approach the transition from the incurred loss model to the current expected credit loss model for estimating the ALLL, there are many questions around the subjective aspects of the new standard. This session will look at the relationship between qualitative adjustments and “reasonable and supportable” forecasts under CECL estimates and key considerations for how institutions will apply them.
CECL Planning Committee at Credit Unions
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Top Webinars of 2016

CECL webinar panel: Answers to your top questions

The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD, Camden National Bank and PWC who are helping thousands of institutions through this critical change.

Tip Of The Day

Ensure board presentations contain at least one graphical display of your ALLL results.

Poll

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

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 ...
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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 ...
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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? ...
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