Why ALLL.com? Subscribe
ALLL.com
Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Browse Sections
Regulation Articles
Methodology Articles
Insider Articles
Peer Discussions
Resource Center
Browse Categories
Close Menu
  • CECL
    • CECL Model
    • News
    • Expectations for ALLL
    • Regulatory Updates
    • Vendor Due Diligence
  • Incurred Loss
    • Preparing for the ALLL
    • Quantitative Calculation
    • Qualitative Factors
    • Purchased Loans
    • Reporting & Presenting
  • ALLL Community
    • ALLL Insiders
    • Peer Discussions
  • Resource Center
  • About Abrigo
Menu

ALLL / ASC 310-10-35 (FAS 114)


ASC 310-10-35 (FAS 114)

  • collateral

    Documentation

    Institutions should begin to gather the necessary documentation, both internal and external, before commencement of the ALLL calculation. Many sources of information, such as appraisal values or cash flow schedules, may require updating prior to the time of the calculation. As such, institutions should be mindful of documentation requirements as they begin to plan for their ALLL calculation.

  • ASC 310-10-35 (FAS 114)

    ASC 310-10-35 (FAS 114)

    ASC 310-10-35 (FAS 114) loans, or “impaired” loans, are calculated individually, as the parameters of each loan and its measure of loss will be unique. There are various ways to value these loans, including fair market value of collateral, net present value of future cash flows, and loan pricing.

  • ASC 310-10-35 (FAS 114)

    Loan Classification

    Before accounting for expected credit losses, institutions must first determine which loans belong in FAS 5 (ASC 450-20) status and which belong in FAS 114 (ASC 310-10) status. It is important that institutions are consistent with how they classify their loans, as inconsistency can drastically change the end ALLL figure and draw scrutiny from regulators.

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

Tip Of The Day

If using an unallocated reserve, it may be difficult to justify if it is 10% or more of your total reserve amount

Incurred Loss

  • Preparing for the ALLL
    • Documentation
    • Validate Balances
    • Succession Planning
    • Data Aggregation
  • Quantitative Calculation
    • Loan Classification
    • ASC 450-20 (FAS 5)
    • Measures of Loss
    • Peer Data
    • ASC 310-10-35 (FAS 114)
    • What-If Scenarios
    • Quantitative Backtesting
  • Qualitative Factors
    • Standard Qualitative Factors
    • Defending Qualitative Factors
    • Objectivity in Adjustments
    • Backtesting Qualitative Factors
  • Reporting & Presenting
    • Justifying a Change
    • Disclosure Reporting
    • Presenting to Auditors
    • Presenting to Examiners
    • Auditors vs. Examiners
    • Presenting to Board
    • Model Validation
    • Backtesting for Reporting
  • Purchased Loans

CECL

  • CECL Model
    • Implementation Plan
    • Portfolio Data
    • Final Release
    • Life of Loan Concept
    • One-Time Adjustment
  • Expectations for ALLL
    • Objectivity
    • Consistency
    • Transparency
  • Regulatory Updates
    • FDIC Expectations
    • FED Expectations
    • OCC Expectations
    • NCUA Expectations
    • IASB’s IFRS 9
  • News
  • Vendor Due Diligence

Resource Center

  • Whitepapers
  • Webinars
  • Video
  • Blog
  • Slides
  • Other

ALLL Community

  • ALLL Insiders
  • Peer Discussions
Terms of Use Privacy Policy Cookie Policy Site Map

Copyright © 2023 Abrigo. All rights reserved.