The Call Report is constantly in a state of change. We worked through the extensive changes that took place over the course of the past few years.
As we approach the first reporting quarter for 2023, questions are raised over what will the reporting impact be from the FASB revisions to accounting and reporting of TDRs? In addition, are you prepared for the reporting impact within your Call Report related to the adoption of CECL?
Participants will receive handout materials to include a PDF version of the presentation and additional documentation required to support the topics covered in the webinar. The FFIEC 041 and 051 reports will be referenced in the presentation and materials, however, if you file the FFIEC 031 report, the information covered will also benefit your bank.
What You’ll Learn
Specific schedules will be discussed in detail and will include the base-line reporting requirements for Schedule RI and Schedule RC, along with several other schedules and reporting items that often raise the most questions or common errors to include:
- Schedule RI-A and RI-E adjustments to retained earnings and transactions with holding companies
- Schedule RI-B and the CECL reporting impact o Schedule RI-C reporting your ALLL or ACL under CECL
- Reporting loan activities in Schedule RC-C, RC-M, RC-N and RC-L
- Risk weighting the loan portfolio and unfunded commitments in RC-R Part II
- Reporting deposits in Schedule RC-E, to include brokered, reciprocal and sweep arrangements
- Reporting average balances in RC-K and RC-O
A summary of the reporting impact and the implementation timelines for new Accounting Standards Updates (ASU) related to the following will be discussed:
- ASU 2020-04 Reference Rate Reform
- ASU 2016-13 Credit losses (CECL)
- ASU 2022-02 Reporting Troubled Debt Restructurings
- ASU 2016-02 Lease Accounting o ASU 2022-01 Layering Method – Derivatives
- ASU 2022-03 Fair value measures for equity securities with contractual restrictions
- Staff Accounting Bulletin No 121 on Crypto-Asset safeguarding obligations
A discussion of regulatory changes impacting the Call Report will be covered in detail. As new regulatory matters arise, they will be added to the agenda in order to provide participants with the most current training applicable for all of 2023. Currently, regulatory topics covered in this webinar will include:
- Risk weighting loans with targeted look as those loans included in the Residential Mortgage Exposure group
- Loan coding coverage with a focus on areas that create questions
- Eligibility under the CBLR framework with reduced RC-R reporting
- Understanding the term “unconditionally cancelable” when it comes to reporting off-balance sheet commitments
- Classification of HELOCs and reporting changes to open-end and closed-end lines of credit secured by 1-4 family residential properties. With the first new reporting year behind us – are we properly reporting these revolving lines?
Who Should Attend
Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Annual training is highly recommended by regulators. Banks should have a trained preparer and a trained reviewer. Anyone responsible for preparing, reviewing, or signing a Call Report will find this program valuable. Both new and experienced preparers and reviewers will benefit from the updates and the continued discussion on accounting and financial reporting matters. Specific areas of concern should be communicated to the sponsor in advance of the seminar so that these areas can be covered with appropriate adequacy.