How Accounting for Purchased Loans Changed With the Adoption of CECL
August 27, 2024
How has your community bank handled the adoption of CECL to estimate your credit losses? You’ve had around 18 months to get used to the
How has your community bank handled the adoption of CECL to estimate your credit losses? You’ve had around 18 months to get used to the
Every 18 months, your community bank is required to undergo an IT regulatory exam with a federal examiner. The primary objectives of these exams are
Navigating the complex landscape of AML/BSA compliance represents a critical task for any community bank. With evolving regulations and stringent oversight, preparing for a regulatory
As your community bank approaches the milestone of $1 billion in assets, it faces greater regulatory scrutiny as outlined in the Federal Deposit Insurance Corporation
In late February, the Federal Reserve, FDIC, and OCC released a joint statement about the risks associated with using funding sources from crypto-asset-related entities as
All banks and credit unions are required to complete an annual Automated Clearing House (ACH) exam by the end of the calendar year. The exam
So, you have weathered the financial obstacles of the last few years, and your bank is on a trajectory to reach $500 million in assets.
As inflation is increasing throughout the economy, central banks have begun raising interest rates. Since community bank assets are loan heavy, it is generally assumed
COVID-19 has changed many things in a short amount of time. This includes the way we work and interact with one another. It is very
Amount billed for routine phone calls
Amount billed for services if not 100% satisfied
Sleepless nights knowing we’re in charge
Headaches figuring out tax regulations
Of your time devoted to making money
Stress free tax filing
