Collateral Valuation and Documentation

Jan 21, 2015

An important component of a bank’s allowance calculation is identifying ASC 310-10-35 (FAS 114) loans for impairment. This whitepaper discusses when to use collateral for ASC 310-10-35 analysis, how to gather the necessary collateral data to perform the analysis, and why the Fair Market Value of Collateral is important for a bank or credit union's ALLL calculation.

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