ALLL / credit impairment

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credit impairment

• CECL

  Financial instruments: Credit impairment

  Since the financial crisis, the FASB has been debating wholesale changes to the U.S. GAAP credit impairment model. The FASB completed the majority of its deliberations in April and expects to issue a final standard in the fourth quarter of 2015. This standard, which uses the CECL model, fundamentally will change the way the allowance for credit losses is calculated. The standard will have a pervasive impact on all financial institutions, and questions are circulating about what changes are in store.

• SOP 03-3 (ASC 310-30)

  ASC 310-30 (SOP 03-3)

  In today’s banking landscape, the acquisition of loan portfolios can present healthy banks and credit unions with unique opportunities to rapidly expand their footprints, enhance their deposit bases and provide value to shareholders, often at significant discounts.