With the abundance of resources available to financial institutions in their transition to the current expected credit loss (CECL) model, it can be difficult to find easily digestible advice. Leverage this one-page guide on ten practical CECL & ALLL tips to simplify the transition.
Learn how the longest-standing bank in Miami-Dade County, Florida benefits from using an automated solution for their ALLL calculations.
Download directly or access here: https://web.sageworks.com/how-community-banks-can-save-time-on-the-alll/
While institutions have time before the CECL standard is effective, is important that institutions not wait to prepare. This CECL implementation prep guide covers basic tips for forming an implementation committee, crafting a project plan and introduces example illustrated timelines for implementation.
Looking for some last-minute CECL learning before the holiday?
Adoption of the standard will have a significant operational and financial statement impact on institutions with acquired loan portfolios. A solid understanding of the accounting changes will result in an improvement to current treatment, transition planning, vendor/model selection and go-forward day 1 decisions.
Watch this on-demand webinar to learn more: https://www.sageworks.com/banking/resources/CECL-accounting-acquired-loans/