The Call Report is constantly in a state of change. We will work through the extensive changes that took place over the course of the past few years.
As we approach the reporting deadline for year-end 2022 and look into the first quarter of 2023, questions are raised over what will the reporting impact be from the FASB revisions to the accounting and reporting of TDRs, and what will be the 2023 reporting impact for financial institutions as they prepare for the adoption of CECL.
In addition, this 2 day live streaming training will provide basic training for new preparers and include extensive coverage of new and complex issues for experienced preparers. New, proposed, and revised changes will be presented with detailed discussion as we work through the schedules impacted by the changes applicable in current reporting, as well as proposed reporting in the future.
Participants will receive handout materials to support the training agenda. This training will cover the FFIEC 041 and 051 forms, however, if you file the FFIEC 031 report, the information covered will also benefit your bank. It is advised that participants bring a copy of their recent Call Report, or print out a blank copy of the FFIEC form applicable to their bank.
Call Report Preparation Live Streaming – Day 1
This streaming will cover general preparation instructions, background on regulatory matters that impact the Call Report, changes in reporting status, regulatory rules, and general information about reporting requirements under U.S. GAAP.
A summary of the reporting impact and the implementation timelines for new Accounting Standards Updates (ASU) related to the following will be discussed:
- Reference Rate Reform under ASU 2020-04
- Lease Accounting under ASU 2016-02
- Credit Loss Accounting (CECL) under ASU 2016-13 to include regulatory reporting matters
- Troubled Debt Restructuring under ASU 2022-02
The following schedules will be covered, however, not all line items within each schedule will be discussed (subject to change):
- Schedule RC – Report of Condition
- Schedule RI – Report of Income
Report of Income schedules:
- RI-A – Changes in Equity Capital
- RI-B – Charge-Offs and Recoveries
- RI-C – Allowance for Credit Losses
- RI-E – Explanations
Report of Condition schedules:
- RC-A – Cash and Due From Banks
- RC-B – Securities
- RC-F – Other Assets
- RC-G – Other Liabilities
Call Report Preparation Live Streaming – Day 2
The following schedules will be covered, however, not all line items within each schedule will be discussed (subject to change):
- RC-C – Loans
- RC-E – Deposits
- RC-K – Average Balances
- RC-L – Unused Commitments & Off-Balance Sheet Items
- RC-M – Memoranda
- RC-N – Past Due, Nonaccruals & TDRs
- RC-O – Insurance Assessments
- RC-P – Mortgage Banking Activities
- RC-Q – Reporting Fair Value Assets and Liabilities
- RC-R Part I – Capital Ratios and the CBLR
- RC-R Part II – Risk Weighting Assets (with a focus on the loan portfolio and unfunded commitments)
- RC-S – Servicing, Securitization, Sales
What You’ll Learn
- 2022 and 2023 eligibility under the CBLR framework with reduced RC-R reporting
- Understanding the term “unconditionally cancelable” when it comes to reporting off-balance sheet commitments
- Loan coding coverage with a focus on areas that create questions
- High-level Call Report impact from the adoption of CECL
- Classification of HELOCs and reporting changes to open-end and closed-end lines of credit secured by 1-4 family residential properties
- Reporting sweep accounts in the newly added items for RC-E
- International Remittance transfers and what changes are in effect that may impact the reporting items for your institution.
Who Should Attend
Anyone responsible for preparing, reviewing, or signing a Call Report will find this program valuable. The streaming event will provide basic training for new preparers, though some basic accounting knowledge is helpful, and complete coverage of new and complex issues will benefit experienced preparers.AC