Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S. economy.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78

Abrigo

JUNE 5, 2023

Takeaway 3 Banking intelligence that's purpose-built for banks and credit unions combines analytics and intuititve dashboards. How can banks and credit unions quickly spot warning signs so they can act during volatile economic, industry, and institutional conditions?

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

FEBRUARY 11, 2022

Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard.

CECL 78

CECL Credit Unions Credit and Collections 78

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Navigating a rising-rate environment, leveraging core deposit strategies, and pricing loans effectively were top of mind for asset/liability management (ALM) staff in 2022. For rookies and experts.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . Takeaway 1 CECL accounting experts shared audit and regulatory expectations based on their work with financial institutions. Communication Urged.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Lending & Credit Risk. Portfolio Risk & CECL. DOWNLOAD . That represents almost 2.8

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

JUNE 4, 2019

The Financial Accounting Standards Board’s new current expected credit loss (CECL) standard, known as one of the biggest changes to bank accounting. Because of the complexities and changes that CECL brings, there are many questions surrounding implementation, potential effects, and more. When does the CECL standard take place?

CECL 74

CECL Credit and Collections Credit Unions Default 74

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results."

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

Abrigo

JULY 17, 2019

Small public banks, privately held banks, and credit unions will get extra time to get CECL right, based on a move by the Financial Accounting Standards Board Wednesday. Securities and Exchange Commission filers until January 2023 for CECL implementation. More time for better CECL implementation.

CECL 60

CECL Credit Unions 60

Abrigo

MAY 31, 2019

1564 , calling for a delay in the implementation of the Financial Accounting Standards Board’s current expected credit loss (CECL) standard. The bill would delay CECL until a “quantitative impact study can be completed to understand its likely effects it will have on the economy.” Thom Tillis (R-NC) introduced a bill, S.

CECL 60

CECL Credit and Collections Credit Unions 60

Abrigo

MARCH 21, 2023

Takeaway 2 Some banks and credit unions were late movers and are now scrambling to lock in funding for the short term to meet liquidity and capital needs. 4.75% over the course of 2022 and 2023. 4.75% over the course of 2022 and 2023. 1, 2022, to the current day. Specifically, Q1 2022 volume averaged $72.27

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

Abrigo

OCTOBER 10, 2023

Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. Recent trends highlight four critical areas that banks and credit unions can evaluate to gauge the efficiency of their loan review departments: staffing, collaboration practices, job responsibilities, and talent development.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

SEPTEMBER 13, 2021

With the deadline for adoption of the current expected credit loss (CECL) model around the corner, the allowance for loan and lease losses (ALLL) as a percentage of total loans and leases dropped 41 basis points from one year ago. Learn more during this webinar: "Capital Planning for Banks & Credit Unions".

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

JANUARY 25, 2022

Change Management Helps Financial Institutions with Digitalization Bank and credit union executives who manage the people side of digital transformation have more success. . That has top bank and credit union leaders looking to continue the advances in digitalization that have helped them through the pandemic.

Credit Unions 78

Credit Unions CECL Credit Risk Transactions 78

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Podcasts for bankers and credit union execs, staff. And all release a new episode at least monthly.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

MAY 30, 2023

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. At Abrigo’s recent ThinkBIG conference, hundreds of bank and credit union staff members attended information sessions on the issue. But compliance deadlines are tiered.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

DECEMBER 2, 2021

Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022. Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Streamline and systematize loan review for 2022.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

OCTOBER 4, 2022

Takeaway 1 Banks and credit unions can increase earnings in a rising-rate environment with careful asset/liability management. In October 2021, I wrote about how the management of banks and credit unions could position institutions for growth as they waited for the Fed to begin hiking interest rates. DOWNLOAD .

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

DECEMBER 17, 2021

It’s been nearly two years since the coronavirus pandemic began, and many banks and credit unions have undergone a significant digital transformation in response. What customer service feature could we add to get an edge over other banks or credit unions? Start at the Top. Build a culture of innovation.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

FEBRUARY 23, 2022

After the success community banks and credit unions had helping businesses in their local communities with lending during the pandemic , financial institutions continue to turn to small business loans as a source of portfolio growth. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

JANUARY 27, 2022

Takeaway 2 If the market trends downward for long, banks and credit unions could actually see another increase in deposits. The Federal Reserve’s signal this week that it will start raising interest rates in March 2022 generated a collective high-five throughout the banking industry. Lending & Credit Risk. Learn More.

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

Abrigo

MARCH 13, 2023

Clearly, every bank or credit union that has purchased securities prior to the Fed raising rates has been feeling the effect of unrealized losses on those decisions. Reviewing the call reports for SVB through Q4 2022, I see a bank that began increasing security positions after Q3 2021. Enter interest rate risk.

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . A covered financial institution does not include credit unions. Lending & Credit Risk. Be Prepared.

Cybersecurity 78

Cybersecurity CECL Law Firms Credit Risk 78

Abrigo

NOVEMBER 29, 2021

You might also like this webinar: "Is inflation the big gift to your 2022 earnings?". Banks and credit unions will need to continuously rethink current practices to attract and keep customers to maintain a healthy noninterest income level. Portfolio Risk & CECL. Portfolio Risk & CECL. Learn More.

CECL 78

CECL Credit Unions 78

Abrigo

FEBRUARY 23, 2022

Is growing the small business loan portfolio on your bank or credit union’s agenda? A recent survey by Abrigo found that 87 percent of banks surveyed are working to win more small business loans in 2022. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL. Credit Risk Management.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

JANUARY 19, 2022

The unusual circumstances make effective loan pricing more imperative than ever for banks and credit unions. Excess liquidity is persisting into 2022, affecting balance sheets and capital and squeezing net interest margins further as banks and credit unions deploy more assets in the lower-margin investment portfolio or in plain cash.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

Abrigo

MARCH 25, 2022

Regardless, financial institutions in this changing environment can benefit from knowing both the short- and long-term impact of their strategies on their banks or credit unions. Get the latest on meeting ALM objectives , and download "3 Goals of ALM in Banks & Credit Unions". Portfolio Risk & CECL.

Credit Unions 78

Credit Unions CECL 78

Abrigo

OCTOBER 21, 2021

With a Fed Rate Hike Looming, Here's How to Position Your Bank or CU The timing of a rate hike by the Fed is uncertain, but credit unions and banks can act now to create increased earnings more quickly. Watch the webinar, "Capital Planning for Banks & Credit Unions: Gearing up for Growth in 2022". Learn More.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

JUNE 15, 2023

Credit: Brian Koppel, Reel to Real Filming Locations blog According to a Global Financial Integrity (GFI) study , an estimated $2.3 The comment period for the proposed rule, Anti-Money Laundering Regulations for Real Estate Transactions , ended in February 2022, but a final rule has yet to be issued. real estate market alone.

Credit Unions 78

Credit Unions Credit and Collections CECL Transactions 78