TOPIC: Financial Analysis

Guardian Analytics

Manager at a bank ($488MUSA)
Do any of you also use Guardian Analytics for Business Online & ACH anomaly detection? We're in the early stages of implementation and data gathering, but I was hoping some more seasoned users would be willing to share their daily process and what you look for/review. Thanks in advance!

    Abrigo Acquires Farin Financial Risk Management

    Abrigo, a leading technology provider of compliance, credit risk, and lending software, has acquired Farin Financial Risk Management (FARIN), an industry trendsetter in asset liability management software and advisory services.

    FARIN offers services and solutions that are essential for financial institutions in determining interest rate and liquidity risk exposures. Learn more about how Abrigo, now with the added power of FARIN, is making big things happen for community financial institutions.

    Read more: https://www.abrigo.com/news/abrigo-acquires-farin-financial-risk-management/

      2019 CECL Survey - Chance to win a $300 Yeti cooler!

      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

        Having trouble keeping up with all these CECL updates?

        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

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          Webinar: Interpreting CECL Modeling Results

          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/

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            Whitepaper: CECL amortized cost basis considerations and applications

            The Current and Expected Credit Loss (CECL) accounting standard, ASU 2016-13 (Topic 326), outlines that the allowance for credit losses should be a valuation account deducted from the amortized cost basis of financial assets. Amortized cost basis includes, but is not limited to, adjustments for accrued interest, unamortized premium and discounts, and net deferred fees or costs. Entities valuation techniques should present the net amount expected to be collected on the financial asset.

            This complimentary document is intended to cover amortized cost basis application, specific guidance, and conceptual soundness under the context of ASU 2016-13 (Topic 326).

            Access here: https://web.sageworks.com/cecl-amortized-cost-basis

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              Complimentary Webinar: Qualitative Adjustments and Forecasts Under the CECL Model

              As institutions approach the transition from the incurred loss model to the current expected credit loss model for estimating the ALLL, there are many questions around the subjective aspects of the new standard. This session will look at the relationship between qualitative adjustments and “reasonable and supportable” forecasts under CECL estimates and key considerations for how institutions will apply them.

              Join to learn about:

              • Key differences between qualitative adjustments and “reasonable and supportable” forecasts and the role each will play in estimating the allowance under CECL.
              • How qualitative adjustments are used in estimating today’s allowance and how this might change under CECL
              • Different approaches to apply forecasts within CECL calculations.
              • Sourcing and documentation of forecasts and data for supporting qualitative adjustments.

              Register now >> http://bit.ly/2yLhFTB

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                Last chance to register: CECL webinar panel TODAY!

                Time: 10/10 2:00-3:30 p.m. ET
                Worth one CPE credit

                The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD, Camden National Bank and PWC who are helping thousands of institutions through this critical change.

                They’ll discuss how CECL has influenced everything — implementation, validation, organizational changes and more, while addressing your top concerns and questions.

                Register now: http://bit.ly/2oN421G

                  1 day left: Learn automated methodology calculations, loan segmentation and more

                  As CECL is approaching, financial institutions are evaluating vendors to help them automate their allowance processes. From methodology selection, economic forecasting and proper loan pool segmentation, manual calculations will be more difficult to implement under CECL as credit losses need to be predicted over the life of the loan.

                  Join to learn:

                  • Best practices that every institution can apply during their CECL preparation process
                  • The importance of choosing the right methodology from data on-hand
                  • How to optimize loan pool segmentation and economic forecasting
                  • Ways the Sageworks ALLL software solution creates a seamless CECL transition

                  Register now: http://bit.ly/2xJk29M

                    Complimentary CECL Practical Transition Guide

                    CECL presents institutions with new guidance for measurement of the ALLL. While initially daunting, the transition exercise is, fundamentally, a project management problem; there exists a specific set of activities that, if performed correctly and thoughtfully, will reduce a compliant and defensible estimate of credit losses over the life of a financial asset or pool of financial assets.

                    The documentation of that set of activities is the purpose of this Practical CECL™ Transition Guide: a series of 9 whitepapers to better assist with your transition.

                    Download now: http://bit.ly/2xQ1XGq

                      Learn how to unlock actionable risk insights

                      Complimentary Group Demo: September 20th, 2:00 – 3:00 p.m. ET

                      In August, Sageworks launched one of their newest products, “Insights”, to help leaders leverage loan portfolio data in new and meaningful ways. Lack of and limited access to bank-wide data, accompanied by time-consuming analysis, can hurt leadership’s ability to make well-informed, timely decisions. In this complimentary group demonstration, we aim to show how our newest offering can help bridge that gap.

                      Join to learn:

                      • How to perform simulations of the loan portfolio in order to inform financial statement impact for budgeting purposes
                      • How Insights can help as part of Dodd Frank Act Stress Test preparation (or stress testing under CECL, more broadly)
                      • How to set up scenarios to view how the portfolio would respond with various assumptions
                      • Using the Acquisition Analyzer as part of potential acquisition due diligence
                      • How Segment Insights can be leveraged for board & concentration reporting
                      • Potential Roadmap for continued development

                      Learn more: https://web.sageworks.com/cbanc-sageworks-insights-demo

                        CECL Webinar Panel: Answers to your top questions

                        The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD and PWC who are helping thousands of institutions through this critical change.

                        They’ll discuss how CECL has influenced everything — implementation, validation, organizational changes and more while addressing your top concerns and questions.

                        Register now: https://web.sageworks.com/cecl-webinar-panel/

                          Definitive Guide to Global Cash Flow Analysis

                          It can be difficult to spread borrower financial statements in a consistent manner, and oftentimes, income or debt is over- or understated. Loan decisions could rely on inaccurate debt and cash flow information

                          This whitepaper helps to explain the biggest obstacles credit analysts face with global cashflow when they have to combine business, real estate, and guarantor income debt. It'll help you avoid double-counting, incomplete information and errors when combining personal and business incomes.