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#2195052 - 10/09/18 09:55 PM CECL
Skbanker Offline
Member
Joined: Nov 2008
Posts: 56
Has anyone started the conversion to CECL? I was looking for some webinars or literature that would be useful for small banks. I have done quite a reading on the subject, but having a difficult time understanding the concept.

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#2195053 - 10/09/18 10:00 PM Re: CECL Skbanker
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,400
Most state banking associations or accounting associations are putting on seminars. Also if you have a contact with your accounting firm ask them about it.

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#2195082 - 10/10/18 02:06 PM Re: CECL Skbanker
Tater Offline
Platinum Poster
Joined: Jan 2006
Posts: 627
Missouri
Several of the software providers have offered a variety of free and paid webinars.

And frankly, you're not alone in struggling with the concept. In the long game, there's really not a lot of benefit for anyone other than publicly traded organizations. Several of the prudential regulators are considering trying to get FASB to reconsider the rules for banks but that progress is unknown.

We sat through several seminars and ended up purchasing a 3rd party solution for data gathering and retention.
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#2196092 - 10/22/18 06:20 PM Re: CECL Skbanker
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,470
Midwest
We have received alot of help/input from our accounting firm. They do our annual loan review. You may reach out to someone similar your bank works with.

We ended up purchasing an add-on module from our core to help with gathering data, etc.

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#2211201 - 04/16/19 02:36 PM Re: CECL Skbanker
L Morris Offline
Member
L Morris
Joined: Sep 2010
Posts: 59
KY
Does anyone have a formula that can be used to determine the average life of loan for a given pool of loans?

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#2211246 - 04/16/19 06:14 PM Re: CECL L Morris
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,400
Your Asset Liability Management reports should be able to provide this information.

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#2212489 - 04/30/19 06:58 PM Re: CECL Skbanker
L Morris Offline
Member
L Morris
Joined: Sep 2010
Posts: 59
KY
Thanks!
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