Tuesday, January 28, 2020 at 2:00 p.m. EST
Register now: https://www.web.abrigo.com/CECL-2023
2:00 PM ET / 1:00 PM CT
Today’s economic environment demands that asset/liability management (ALM) teams are identifying and acting on opportunities quickly. The old ways of ALM operations are much different in inverted or negative yield environments. Having a firm risk assessment and plan for future financial performance is the backbone of the Asset/Liability Management Committee’s (ALCO) role. It is the requirement for a robust process for measuring and managing relationships between risk and return.
The ALM process should not be limited to one that “checks the box” of meeting regulatory requirements. Financial institutions and ALCOs with a dynamic ALM process are able to inform good decision-making related to both strategy and risk.
Join this webinar to learn:
- What it looks like to be a dynamic ALM-oriented institution today
- How to make good decisions in different rate environments
- How to integrate other decision-making models to determine the best loan terms, rates, and funding source
In this complimentary infographic, learn about the 7 methodologies available to use and when they are or are not recommended: https://www.web.abrigo.com/cecl-methodologies-cbanc
Presenter: Rob Newberry
As we get closer to implementation of CECL, we want as much information as we can get to help in understanding everything that should be considered in putting together our CECL models.
CECL is best thought of as part of a holistic view that focuses on Enterprise Risk Management and not just credit risk alone. It is no longer advisable to operate in silos as you might have done in the past when credit loss reserves were calculated by the Credit Officer for the institution, while Asset/Liability forecasts were in the domain of the CFO. With the need to look at a more forecasted approach to determine credit reserves, it makes sense to leverage some of the assumptions that have been used in the past for developing loan assumptions in your A/L models.
Join this free webinar to learn:
- How CECL will impact ALM
- Effective capital planning and loan pricing processes
- What the changing regulatory landscape is like
Our acquisition of Lendwell is the next step in our strategy of unlocking the power of cooperation and the collective purchasing power of thousands of financial institutions within the CBANC Network. The Lendwell platform will help our network members reduce the cost of lending operations while improving their ability to serve their customers.
FIs can expect to save up to two hours of time per mortgage file and 15-20% on services like AVMs, property assessments, flood certifications and many others. Best of all, there's no up front fee for CBANC members, and it'll take about half an hour to get up and running with Lendwell.
Learn more and start the sign-up process at www.cbancnetwork.com/lendwell
How many different programs or services do you currently use in your Mortgage Loan or Heloc process? More than two?
• Automated Valuation Models
• Closing Services
• Document Preparation
• Flood Determination
• Legal & Vesting Reporting
• Lien Protection
• Property Appraisals
• Property Condition Reports
• Property Reports
• Title Insurance
Get everything you need in one place. See more about Lendwell and Download our attachment.
LIBOR has been used for over three decades as the global standard benchmark. This will soon be changing and financial institutions will need to adjust their loans to the new benchmark, the Secured Overnight Financing Rate (SOFR). To help you prepare, check out our white paper for a background and comparison of each rate, solutions to the challenges ahead and more. Read White Paper: http://go.pcbb.com/2019-SOFR-and-LIBOR-WP-Request.html
PCBB’s full-service, SaaS CECL solution includes all 7 methods, offering the flexibility to reconfigure methods, as the market conditions change. With over 20 years of experience and the only bank providing a CECL solution, PCBB brings a unique approach for a successful CECL implementation. Our Banking Experts provide you with as much or as little assistance as needed and guide you every step of the way.
Check out our short video for more information: https://www.youtube.com/watch?v=eXSCESfeUTE&feature=youtu.be
Each year MST, now Abrigo, has been implementing an allowance survey. This year we’re asking about your progress in the CECL transition, how you are preparing and what you are determining in terms of how CECL will impact your institution. As always, we’ll compile answers and share the results so you can compare what you are doing with your peers. We encourage you to participate. As a token of our appreciation, you will have the chance to win a $300 Yeti cooler or a Bluetooth speaker.
We wish you a productive and profitable 2019!
Take the survey: https://www.surveymonkey.com/r/J236LTW
CECL is in the news a LOT now that we're less than a year out from the transition. Robert Ashbaugh and Chris Emery are making sure your financial institution understands all of the recent changes and the ways that those changes and proposals might affect your institution's CECL implementation. Tune in for our free webinar in two weeks -- get registered here: http://bit.ly/2GrF1mr
In January, 56 community banks from 20 states joined Bankers Healthcare Group for a behind-the-curtain experience at our Informational Regional Seminar in Nashville, Tenn.
Our 75 attendees heard from BHG’s Founder/Chairman/CEO Al Crawford and c-suite leadership team in finance, credit, underwriting, compliance, marketing, sales, and analytics. This was a great opportunity for them to learn about our business model, commercial medical loan program and financial strength, and uncover new revenue opportunities for their banks.
We had a great mix of prospective customers and current customers from some of BHG’s 940 bank partners, which gave everyone a chance to network and learn. Prospective customers love to hear about the experiences of current customers, while current customers appreciate the business and product updates, as well as the opportunity to connect with key BHG contacts.
Our seminars are a great way to get to know BHG—and we hold them throughout the year, across the country. If you’d like to attend an upcoming seminar, please email email@example.com or call 877-731-6562 to get the details!
About BHG: Bankers Healthcare Group (BHG) is the leading provider of financial solutions for licensed healthcare professionals. The company originates, underwrites and funds medical and professional loans before selling them to local banks nationwide.
To date, BHG has underwritten nearly $15 billion in commercial loan requests with an average size of $100,000, providing a network of more than 940 U.S. community banks a source for premium loans, portfolio diversification, and competitive yields without overhead costs traditionally associated with this quality borrower. Banks purchase BHG loans through a secure, online system that allows for daily sale and delivery of loans. This has been a highly effective channel for a bank to quickly approve and purchase loans according to their underwriting standards. BHG’s 2018 sales distribution has averaged $4 million per day and new loans are posted daily.
Pinnacle Financial Partners, Inc., and its subsidiary Pinnacle Bank hold a 49% total interest in BHG.
There’s no question about it: Data and Digitization are key to your financial institution's future success.
If your institution is not developing a plan to adapt and meet consumer demands in this increasingly digital world, you risk ceding your position to other financial institutions and non-bank competitors alike.
Attend the Velocity Solutions Executive Summit on February 5, 2019—FREE to financial institution executives*—to learn proven strategies that will help move your credit union into the digital revolution by harnessing the power of big data, digital solutions and automation.
Delivered in one power-packed day and led by seasoned presenters with decades of experience, Executive Summit topics include:
- Digital Banking Strategies and the Regulatory Landscape
- Leveraging Data & Digitization to Build Revenue & Relationships
- Digital & Dynamic Data-Driven Overdraft Management
- Big Data Profits through a Unified Platform Approach
- The Power and Profitability of Digital Lending
- Digital & Social Strategies for Account Acquisition
*Includes the one-day seminar, one hotel night, your roundtrip airfare and event-related meals.
Click here to see the agenda: http://bit.ly/2Ru4McQ
Space is limited. Click here to register: http://bit.ly/2RxmdJx
Click here to see what past attendees say about the Velocity Executive Summits! (video) http://bit.ly/2Rr5CH4
Can’t attend the February 5 Executive Summit? Click here to see more 2019 sessions: http://bit.ly/2RwkyDK
As CECL deadlines approach, what aspects of preparing for implementation will your institution focus on first? With so much information, it can be hard to know. In a recent Banc Investment Daily (BID) article by PCBB, we put together a list of the Top 5 Things to Remember when preparing for CECL implementation. Take a look.
2019 is here, and for SEC-filing financial institutions, that means CECL compliance. See why this year is so critical - and how your FI can make a practical transition in this complimentary webinar: https://lnkd.in/eKwfUSi
See why more than 925 of your peers have purchased loans from Bankers Healthcare Group, at the upcoming Nashville Info Seminar.
- Engaging seminar - Hear from the Founder/CEO and the c-suite leadership team in finance, credit, regulatory, marketing, sales and analytics.
- Understand the 5 convenient, hassle-free methods to purchase loans.
- Discover additional revenue opportunities for your bank:
• Consumer loans to licensed medical and other professionals
• Patient lending – connecting community banks to hospitals and surgery centers
- Network with key BHG personnel and other community banks from around the US.
Email us at firstname.lastname@example.org or call 866-461-5069 to find out the details!
"The BHG Info Seminar was an excellent experience. We are new to BHG, having just purchased our first loan last month. It’s was a valuable experience to have the company’s staff answer your questions and talk to other banks who have experience with BHG. I was able to learn how they manage their portfolio and loan terms. The event was first-class, all the way. I came away very impressed with BHG." – Minnesota Bank President
About BHG: Bankers Healthcare Group (BHG) is a well-established, direct lender that has a commercial loan program specifically tailored to the business needs of licensed healthcare and other professionals. BHG has provided over $4 billion of these originated, underwritten and funded loans to 925+ community banks throughout the US since 2001.
What information will your management team use to make 2019 strategic plans? What about your CECL data?
Analyzing your CECL data can give you granular insight to guide a more thoughtful, innovative strategic plan. With a deeper understanding of long-term trends within your institution this data can help to identify products to promote or discontinue, assess validity of long-term goals, evaluate pricing structures and so much more.
To learn more, read this article by PCBB's Melinda Davis on driving business through innovative insights.
For those who are currently building out their CECL models, did your results not match your expectations? Are you confused on what to do next?
Join us on Monday, December 10th from 1:30-2:30 p.m. ET. for an interactive walkthrough of common modeling problems and questions. Common questions include:
- What happens if I don’t have enough loan-level historical data?
- What do I do if my results are zero?
- Are there shortcuts for anticipating when certain approaches won’t work before building models to test?
Sageworks risk management consultants Brandon Quinones and Danny Sharman will answer these questions and discuss how results can be interpreted and pivoted to other approaches that may provide more transparent outcomes.
Register now: https://web.sageworks.com/interpreting-cecl-results/