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#2116249 - 01/31/17 05:14 PM reporting as Small Bank
New to CRA Offline
Junior Member
Joined: Jun 2006
Posts: 40
New to CRA and need to know where I can get info on reporting as Small Bank. Previously we had reported as Large Bank. When you report as small bank must you submit your data by March 1st? Any guidance or help will be appreciated.

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#2116253 - 01/31/17 05:30 PM Re: reporting as Small Bank New to CRA
RR Jen Offline
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RR Jen
Joined: May 2003
Posts: 3,759
Running and riding everywhere ...
Who's your regulator? They have some pretty good stuff. I also use the FFIEC's site a lot.

https://www.ffiec.gov/cra/default.htm

As a small bank, you're not required to report your loan data but the deadline is the same if you choose to do so voluntarily.
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I don't need any more negativity in my life...be positive and helpful people or I will kick you in the shins!!!

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#2116269 - 01/31/17 05:56 PM Re: reporting as Small Bank New to CRA
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,285
Exactly, if you choose to report as a small bank all rules and deadline is the same. If you choose not to report, do prepare your data and analyze it. The biggest downfall of small and intermediate small banks in exams is lack of preparation. Have your data geocoded, know what your short comings are and address them, etc. The submission is not the key, the preparation and analysis is the key.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#2116355 - 01/31/17 08:54 PM Re: reporting as Small Bank New to CRA
New to CRA Offline
Junior Member
Joined: Jun 2006
Posts: 40
Thank you both. We report to Fed

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#2116373 - 01/31/17 09:43 PM Re: reporting as Small Bank New to CRA
New to CRA Offline
Junior Member
Joined: Jun 2006
Posts: 40
so whether we report as small or large bank we still need to submit data by March 1st???

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#2116533 - 02/01/17 06:38 PM Re: reporting as Small Bank New to CRA
RR Jen Offline
Power Poster
RR Jen
Joined: May 2003
Posts: 3,759
Running and riding everywhere ...
Yes, March 1 is the deadline.
_________________________
I don't need any more negativity in my life...be positive and helpful people or I will kick you in the shins!!!

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