2023 Call Report Update Seminar OnDemand with Live Streaming
Tuesday, March 21, 2023
10:00 am – 5:00 pm Eastern
This 6-hour live streaming webinar will provide information on new, proposed, and revised changes to the Call Report with identification of specific Call Report line items impacting March 2023 and beyond. Accounting guidance and regulatory changes will be discussed and presented in order to update those with Call Report preparation and review responsibilities.
The Call Report is constantly in a state of change. We worked through the extensive changes that took place over the course of the past few years.
As we approach the first reporting quarter for 2023, questions are raised over what will the reporting impact be from the FASB revisions to accounting and reporting of TDRs? In addition, are you prepared for the reporting impact within your Call Report related to the adoption of CECL?
Participants will receive handout materials to include a PDF version of the presentation and additional documentation required to support the topics covered in the webinar. The FFIEC 041 and 051 reports will be referenced in the presentation and materials, however, if you file the FFIEC 031 report, the information covered will also benefit your bank.
What You Will Learn:
Specific schedules will be discussed in detail and will include the base-line reporting requirements for Schedule RI and Schedule RC, along with several other schedules and reporting items that often raise the most questions or common errors to include:
- Schedule RI-A and RI-E adjustments to retained earnings and transactions with holding companies
- Schedule RI-B and the CECL reporting impact o Schedule RI-C reporting your ALLL or ACL under CECL
- Reporting loan activities in Schedule RC-C, RC-M, RC-N and RC-L
- Risk weighting the loan portfolio and unfunded commitments in RC-R Part II
- Reporting deposits in Schedule RC-E, to include brokered, reciprocal and sweep arrangements
- Reporting average balances in RC-K and RC-O
A summary of the reporting impact and the implementation timelines for new Accounting Standards Updates (ASU) related to the following will be discussed:
- ASU 2020-04 Reference Rate Reform
- ASU 2016-13 Credit losses (CECL)
- ASU 2022-02 Reporting Troubled Debt Restructurings
- ASU 2016-02 Lease Accounting o ASU 2022-01 Layering Method - Derivatives
- ASU 2022-03 Fair value measures for equity securities with contractual restrictions
- Staff Accounting Bulletin No 121 on Crypto-Asset safeguarding obligations
A discussion of regulatory changes impacting the Call Report will be covered in detail. As new regulatory matters arise, they will be added to the agenda in order to provide participants with the most current training applicable for all of 2023. Currently, regulatory topics covered in this webinar will include:
- Risk weighting loans with targeted look as those loans included in the Residential Mortgage Exposure group
- Loan coding coverage with a focus on areas that create questions
- Eligibility under the CBLR framework with reduced RC-R reporting
- Understanding the term “unconditionally cancelable” when it comes to reporting off-balance sheet commitments
- Classification of HELOCs and reporting changes to open-end and closed-end lines of credit secured by 1-4 family residential properties. With the first new reporting year behind us – are we properly reporting these revolving lines?
Who Should Attend?
Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Annual training is highly recommended by regulators. Banks should have a trained preparer and a trained reviewer. Anyone responsible for preparing, reviewing, or signing a Call Report will find this program valuable. Both new and experienced preparers and reviewers will benefit from the updates and the continued discussion on accounting and financial reporting matters. Specific areas of concern should be communicated to the sponsor in advance of the seminar so that these areas can be covered with appropriate adequacy.
Ms. Dopjera, a Certified Public Accountant, has 38 years of experience focused on accounting and regulatory reporting for financial institutions. During the first 18 years of her career, Ms. Dopjera held various positions with responsibility across all operational areas, to include accounting, internal audit, Call Report preparation and review while working for community as well as regional banks.
In 2000, Ms. Dopjera joined the public accounting firm of Harper & Pearson Company, P.C., where she served as Practice Leader for the Firm?s financial institutions practice covering community and regional institutions. The Firm's services included financial statement audit, accounting, tax preparation and filing, internal control audit, Call Report audit, loan and asset quality review, and design and implementation of internal controls over financial reporting frameworks for institutions regulated under FDICIA and Sarbanes-Oxley. In 2018, Ms. Dopjera retired from Harper & Pearson Company, and currently provides accounting, consulting, and training services to financial institutions.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by OnCourse Learning (Total Training Solutions)
If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.
|Registration Options (Member/Non-Member Pricing)
Live Streaming ($1049/$1574) - Attend the live event and links to presenter materials and supplementary handouts.
Additional Live Attendee ($75/$115) – Registering another banker from a different location for live access.