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Wednesday, September 25, 2019

What Directors Should Know About CECL, ALLL & the New Credit Impairment Standards

Start Date: 9/25/2019 1:00 PM MDT
End Date: 9/25/2019 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: 303-832-2000

What Directors Should Know About CECL, ALLL & the New Credit Impairment Standards
1:00 pm – 2:30 pm MT

Now that FASB has kicked the CECL can down the road until January 2023, can community banks simply move on to other matters?  The temptation to ignore CECL is certainly strong.  However, CECL represents one of the biggest changes in a generation regarding how financial institutions evaluate, calculate, and determine the allowance for loan losses.  In addition to methodology changes, there will be a short-term impact to capital, which must be considered as part of capital planning.  Today you should be collecting data to be ready for CECL.  The data you collect is an important tool for your organization beyond CECL.  This webinar will address using this data today for stress testing and portfolio management.  
 
This webinar will provide the most up-to-date regulatory and industry guidance for your financial institution to stay on track with CECL implementation over the new timeline.  Learn about your responsibility as a director to understand the appropriate level of reserves, as well as FASB’s new definition called Small Reporting Companies (SRCs) and how that applies to your institution.
 
HIGHLIGHTS

  • Up-to-the-minute CECL status
  • CECL primer
  • How does CECL compare to your current methodology?
  • What is CECL’s impact on your capital level?
  • What you should be doing now to get ready for CECL
  • Using the data you collect for portfolio management
  • What questions should you ask at board meetings?
  • TAKE-AWAY TOOLKIT
    • Questions to ask at your next board meeting about CECL
    • Employee training log
    • NEW – Interactive quiz
 
WHO SHOULD ATTEND?
This informative session is designed for outside directors.

Continuing Education: Attendance verification for CE credits upon request.

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

 

MEET THE PRESENTER
Bob Viering
Young & Associates, Inc.
Bob Viering is a Senior Consultant and Manager of Lending Services at Young & Associates, Inc.  He brings over 30 years of banking experience and now concentrates primarily on loan review and credit-related support for clients.  Prior to joining Young & Associates, Bob was a de novo bank organizer, CEO, market president, and regional credit officer with large and regional financial institutions.  He has extensive experience in credit underwriting and lending management, including commercial, agricultural, and consumer loans.  In addition, he has provided expert witness reports on lending issues for state and federal courts.
 
Bob was an interim chief lending officer for a troubled bank that successfully recovered.  He has served as an advisor for de novo bank formation and bank mergers and acquisitions, including merger integration, credit process improvement, ALLL management, and management of formal and informal regulatory agreements.  Bob is a graduate of the University of Illinois, the National Commercial Lending School, and the American Management Association’s Executive Effectiveness program.