One of the challenges is that many community financial institutions are looking for simpler, more practical methodologies for implementing CECL than those being used by larger, more complex banks and credit unions. This whitepaper explores one methodology, the remaining life method, that represents a streamlined option for some financial institutions to implement the new standard for accounting for credit losses.

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.

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.