Are you a CFO or Chief Credit Officer grappling with your bank's CECL calculation, feeling frustrated and overwhelmed? You're not alone. As we pass the one-year mark since the implementation of CECL for most community banks,...
The New Way to Manage Concentrations in a Post-Pandemic World
Concentration management is becoming a dynamic and data-driven process in the post-pandemic world. Community banks that have always managed their concentrations by simply throwing darts at a board will find themselves in the...
A 15-Month CECL Playbook for 2023 Banks
Most community banks have barely gotten started down the CECL road as of mid-September 2021. The primary reason is simple. The individuals responsible for implementing CECL at your bank have bigger fires to fight right now....
10 Last-Minute Questions for 2023 CECL Banks to Ask Their Potential Vendor
The clock is starting to tick for community banks that must adopt the CECL standard by January 1, 2023. It’s mid-August and many banks still have not picked a software or consulting partner to assist them on this journey. Banks...
PD/LGD Emerges as Top CECL Methodology
More banks are using the probability of default/loss given default (PD/LGD) model for CECL than any other methodology, according to the accounting firm BKD CPAs and Advisors.
Integrating Critical Processes to Unlock Strategic Value from CECL
Although the new accounting standard known as CECL is a requirement, bankers need to stop viewing it through that lens. CECL has many silver linings.
Caveat Emptor: The Pitfalls of a SaaS Approach to CECL
Software can be wonderful. It can provide a spike in efficiency and automate a host of processes and problems that were previously solved manually in painstaking fashion. As a result, it is no surprise that many community banks...
Picking a CECL Methodology: Five Reasons Why Only One Method Makes Sense
FASB’s guidance for CECL is flexible when it comes to methodologies. In fact, many software-as-a-service (SaaS) providers and consultants make it a point to brag how their products can handle just about all of them. But let’s not...
Free Data Tool: Analysis of 3rd Quarter Loan Loss Reserves for U.S. Community Banks
Check out this new Invictus Group tool, which will help you do just that. The tool includes data for the quarter ending September 30, 2020 back to the fourth quarter of 2019.