One new loan schedule has been added to the Call Report for 2013.
- Schedule, RI-C, loan loss allowance by loan type and impairment method
Loan information on the Call Report provides critical credit information for regulators, especially in today's environment. The rules for schedule RC-C dictate how loans are to be reported on all loan schedules, including the income statement, charge-offs and recoveries, averages, and past dues and non-accruals. This webinar will help you learn the classification priority for reporting loan information correctly.
Recent guidance, included in the call report supplemental instructions, ASU 2011-02, & FIL 22-2-012, on reporting restructured loans will also be discussed.Covered Topics:
- 2013 Approved Loan Schedule Change
- RC-C, Loan Classification
- RC-C M1, Restructured Loans
- RC-C, Part II, Loans to Small Businesses and Small Farms
- RC-K, Loan Quarter to Date Averages
- RC-L, Unused Commitments, Letters of Credit, Derivatives
- RC-M, Loans to Insider
- RC-M, Other Real Estate
- RC-N, Past Due and Non-accrual Loans
- RC-R, Risk Weighting Loans
- RI, Loan Interest & Fee Income
- RI-B, Charge-Offs and Recoveries
Who Should Attend:
This review of the loan schedules will benefit anyone in the lending area, including loan officers, loan assistants, and any loan operations personnel responsible for coding loans. It will supplement annual comprehensive Call Report training recommended by bank regulators.Presenter
Ann Thomas has thirty years of experience in bank accounting and control. She received a BA in Accounting from the University of Houston in 1982. From 1982 through 1997 she worked with Judith Alexander Jenkins, as Alexander & Associates and subsequently Alexander & Leavelle, providing planning, financial reporting, regulatory reporting, and operational and compliance auditing services to over ninety independent banks. In 1998, she organized Thomas Consulting. At Thomas Consulting she now prepares bank plans, monthly financial reports, performs regulatory compliance audits and training and internal control audits for several banks. Additionally, she prepares and reviews Call Reports for several banks. Ms. Thomas has taught numerous call report seminars for state banking associations. She has presented the Call Report Seminar to and has responded to questions from thousands of bankers in over 19 states. Her experience in working with a broad range of independent financial institutions is of unique value in understanding Call Report questions and in communicating with bankers in their language.