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The ALLL with TDRs & Foreclosed Assets

Tuesday, December 19, 2017

10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

The allowance for loan and lease losses (ALLL) is typically the single largest estimate in a credit union’s financial statements and receives significant attention from management, volunteers, regulators, and auditors. The ALLL will garner even more attention due to the new Current Expected Credit Loss (CECL) Accounting Standard Update (ASU 2016-13) issued in June 2016. Troubled-debt restructurings (TDRs) can be very difficult to identify, track, and incorporate into the ALLL calculation. The accounting for foreclosed assets can create challenges, from initial measurement, recording additional costs, evaluating for impairment, and accounting for the ultimate sale. Join us to review each area, address the accounting and regulatory implications, and provide best practice recommendations.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • The three main components of a credit union's ALLL methodology and calculation
  • Planning for the new CECL model that will likely result in a significant increase to your ALLL
  • Identify TDRs and quantify the impact in the ALLL calculation
  • Account for foreclosed assets from the time of foreclosure to the time of sale
  • Best practices and resources, including links to important websites

  • TAKE-AWAY TOOLKIT
    • Sample qualitative and environmental (Q&E) factor analysis that can be incorporated into your ALLL calculation
    • TDR evaluation checklist
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session is designed for individuals involved in preparing or reviewing the ALLL calculation and accounting for TDRs and foreclosed assets, including chief financial officers, controllers, accounting managers, and lending personnel.

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.

MEET THE PRESENTER