Remove 2021 Remove CECL Remove Credit Risk
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5 Reasons Your Financial Institution Should Attend ThinkBIG 2021

Abrigo

Why Attend ThinkBIG 2021? Takeaway 1 ThinkBIG 2021 features in-person and virtual options to accommodate attendees. Takeaway 2 Attendees have the opportunity to receive continuing education credits. . Why ThinkBIG 2021? The 2021 ThinkBIG conference will bring together the “Fighting Financial Crime” and “Manage Risk.

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Countdown to CECL: A Timeline for Community Banks

Abrigo

Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . 2023 CECL Deadline? Takeaway 1 "Analysis paralysis" and the pandemic have put CECL on the backburner for many CFIs. Each quarter represents an opportunity to refine the CECL model prior to 2023.

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How One Bank Intends to Implement CECL – And Maybe Even Do It Early

Abrigo

recently found out it will have extra time to implement the current expected credit loss (CECL) accounting standard. We’re pretty committed as an organization,” Robert Sousa, Lead Credit Analyst for Main Street Bank, said during a recent Abrigo webinar hosted by the American Bankers Association’s Endorsed Solutions Group.

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7 Highlights from the Latest FDIC Quarterly Banking Profile

Abrigo

Here are seven highlights from the quarter ended June 30, 2021: . trillion as of June 2021. billion in June 2021; $175 billion of these deposits are non-interest bearing. Credit trends Non-current loans continue the downward trend; they were $13.2 billion, or 10.8%, lower than in March 2021. 27% in June 2021.

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Stress Testing: Are the Results Guiding Your CECL Decision-Making?

Abrigo

Stress Testing | 6 minute read Key Takeaways Stress testing is a useful tool to help guide CECL decisions. In a recent survey by the National Association for Business Economics, 74% of economists who responded expect a recession by the end of 2021. Top-down testing uses pool orientation and segmentation to make decisions.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

As recently as May 2021, regulators identified interest rate risk as among the key risks in the economy, financial markets, and the banking industry that could affect insured institutions. FDIC) noted in its 2021 Risk Review. Portfolio Risk & CECL. CECL Models. Credit Risk Management.

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How the 2022 Stress Test Scenarios Can Help Small Banks & Credit Unions

Abrigo

reactivity inflation and interest rates is very similar to October 2021 and January 2022 consensus projections that were utilized with the Blue Chip Economic Indicators report as well as the Blue Chip Financial Forecast. at the end of 2021 to about 3.5% percentage points higher than the fourth quarter 2021 level. CECL Models.