Posts tagged with "call report"

Proper Classification of Loans on Call Report Schedule RC-C, Part I – Loans and Leases

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Call Report Accounting

There is no doubt that the instructions for properly completing the Call Report are challenging. The most confusing of all the Schedules, arguably, is the loan schedule, Schedule RC-C. The definitions seem to be ambiguous. Many preparers simply find Schedule RC-C to be overwhelmingly difficult. Much of that difficulty stems from the uniqueness of each loan. Each individual loan seems to be unique and often there is very little similarity among the loans.

This bank accounting webinar is designed to make the classification challenges for RC-C easier to deal with. It takes the mystique out of the classification process. It attempts to put the general classification “rules” into a simple to understand process. After this accounting webinar, preparers should have less difficulty with Schedule RC-C.

This 90-minute accounting webinar uses actual Call Report filings to highlight the mechanics and interplay between Schedules RC, Schedule RC-C and the intricacies of Schedule RC-C, Memoranda Section 1, dealing with maturities of loans.

The banking webinar establishes for the attendees basic priority rules concerning security, borrower and purposes when determining classifications of loans. It reviews the 8 major loan captions, the lease caption and the unearned income caption on Schedule RC-C. It also discusses the controversial and always difficult problems distinguishing between nonfarm nonresidential properties that are “owner occupied” (Line 1e1) and “other” (Line 1e2). It also discusses inclusions and exclusions from each loan schedule line, particularly loans to finance agricultural production and other loans to farmers; consumer loans and C&I loans. It also explains the differences between lines 9a and lines 9b1 and Line 9b2, Loans to nondepository financial institutions and other loans. The handling of the unearned income on loans (individual or in total on Line 11) is also discussed.

Other issues covered in this bank accounting webinar:

  • Issues dealing with accounting for “sales” of loans as either secured lending or as a sale will also be discussed.
  • A focus is placed on how loans are handled for maturity bucket purposes, using actual Call Report numbers.
  • Considerable class time is used to discuss and explain TDR concerns and accounting for TDRs. Lesser time is allocated to small business and small farm loans.
  • All personnel who prepare or review either the FFIEC 031 or FFIEC 041 will benefit from this concise coverage of the difficult and challenging Schedule RC-C.

Date of Event

Wednesday, December 12, 2018
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

 

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

FDIC Call Report Preparation – 4 Part Webinar Series

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Sections of the Call Report continue to change for your experienced preparers. Do you have a trained backup that could complete all sections of your call report in the event your primary preparer was unable to?

CFOs, Bank Accountants, Bookkeepers, and any other members of their support teams know the importance of staying current with both the fundamentals of Call Report preparation as well as the ongoing changes to forms, schedules, tables and reporting requirements associated with these critical bank documents.

This 4-part Bank Accounting Webinar will cover the following schedules:

  • RI – Report of Income and related schedules;
  • Loan schedules RC-C – Loans and Leases, RC-L – Off-Balance Sheet Item, RC-N – Past Due and Nonaccrual Loans, and
    RC –SU – Supplemental Information; RC-R – Risk-Based Capitol; and
  • Deposit schedules including:
    • RC-E, – Deposit Liabilities,
    • RC-K – Quarterly Averages, and
    • RC-O―Other Data for Deposit Insurance and FICO Assessments.

Pricing

$549 for Webinar and Playback*
*Playback has no expiration and may be shared internally.

Dates of Event

Friday, October 5/12/19/26, 2018

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)

Credits

  • 4.0 CPE Credits

Your Speaker(s)

Danielle Heidemann

Senior Specialist

Wipfli CPAs and Consultants

About the Speaker(s)

Danielle Heidemann is an internal audit senior specialist in Wipfli LLP’s financial institutions practice.  Focused on providing internal audit and Bank Secrecy Act (BSA) services, she has extensive financial industry knowledge and experience.  Danielle is skilled at evaluating internal controls and assisting clients with practical and value-added recommendations.

Register Now Pay by Check

FDIC Call Report Preparation – 4 Part Webinar Series

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Sections of the Call Report continue to change for your experienced preparers. Do you have a trained backup that could complete all sections of your call report in the event your primary preparer was unable to?

CFOs, Bank Accountants, Bookkeepers, and any other members of their support teams know the importance of staying current with both the fundamentals of Call Report preparation as well as the ongoing changes to forms, schedules, tables and reporting requirements associated with these critical bank documents.

This 4-part Bank Accounting Webinar will cover the following schedules:

  • RI – Report of Income and related schedules;
  • Loan schedules RC-C – Loans and Leases, RC-L – Off-Balance Sheet Item, RC-N – Past Due and Nonaccrual Loans, and
    RC –SU – Supplemental Information; RC-R – Risk-Based Capitol; and
  • Deposit schedules including:
    • RC-E, – Deposit Liabilities,
    • RC-K – Quarterly Averages, and
    • RC-O―Other Data for Deposit Insurance and FICO Assessments.

Pricing

$549 for Webinar and Playback*
*Playback has no expiration and may be shared internally.

Dates of Event

Friday, October 5/12/19/26, 2018

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)

Credits

  • 4.0 CPE Credits

Your Speaker(s)

Danielle Heidemann

Senior Specialist

Wipfli CPAs and Consultants

About the Speaker(s)

Danielle Heidemann is an internal audit senior specialist in Wipfli LLP’s financial institutions practice.  Focused on providing internal audit and Bank Secrecy Act (BSA) services, she has extensive financial industry knowledge and experience.  Danielle is skilled at evaluating internal controls and assisting clients with practical and value-added recommendations.

Register Now Pay by Check

FDIC Call Report Preparation – 4 Part Webinar Series

Register Now

Sections of the Call Report continue to change for your experienced preparers. Do you have a trained backup that could complete all sections of your call report in the event your primary preparer was unable to?

CFOs, Bank Accountants, Bookkeepers, and any other members of their support teams know the importance of staying current with both the fundamentals of Call Report preparation as well as the ongoing changes to forms, schedules, tables and reporting requirements associated with these critical bank documents.

This 4-part Bank Accounting Webinar will cover the following schedules:

  • RI – Report of Income and related schedules;
  • Loan schedules RC-C – Loans and Leases, RC-L – Off-Balance Sheet Item, RC-N – Past Due and Nonaccrual Loans, and
    RC –SU – Supplemental Information; RC-R – Risk-Based Capitol; and
  • Deposit schedules including:
    • RC-E, – Deposit Liabilities,
    • RC-K – Quarterly Averages, and
    • RC-O―Other Data for Deposit Insurance and FICO Assessments.

Pricing

$549 for Webinar and Playback*
*Playback has no expiration and may be shared internally.

Dates of Event

Friday, October 5/12/19/26, 2018

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)

Credits

  • 4.0 CPE Credits

Your Speaker(s)

Danielle Heidemann

Senior Specialist

Wipfli CPAs and Consultants

About the Speaker(s)

Danielle Heidemann is an internal audit senior specialist in Wipfli LLP’s financial institutions practice.  Focused on providing internal audit and Bank Secrecy Act (BSA) services, she has extensive financial industry knowledge and experience.  Danielle is skilled at evaluating internal controls and assisting clients with practical and value-added recommendations.

Register Now Pay by Check

FDIC Call Report Preparation – 4 Part Webinar Series

Register Now

Sections of the Call Report continue to change for your experienced preparers. Do you have a trained backup that could complete all sections of your call report in the event your primary preparer was unable to?

CFOs, Bank Accountants, Bookkeepers, and any other members of their support teams know the importance of staying current with both the fundamentals of Call Report preparation as well as the ongoing changes to forms, schedules, tables and reporting requirements associated with these critical bank documents.

This 4-part Bank Accounting Webinar will cover the following schedules:

  • RI – Report of Income and related schedules;
  • Loan schedules RC-C – Loans and Leases, RC-L – Off-Balance Sheet Item, RC-N – Past Due and Nonaccrual Loans, and
    RC –SU – Supplemental Information; RC-R – Risk-Based Capitol; and
  • Deposit schedules including:
    • RC-E, – Deposit Liabilities,
    • RC-K – Quarterly Averages, and
    • RC-O―Other Data for Deposit Insurance and FICO Assessments.

Pricing

$549 for Webinar and Playback*
*Playback has no expiration and may be shared internally.

Dates of Event

Friday, October 5/12/19/26, 2018

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)

Credits

  • 4.0 CPE Credits

Your Speaker(s)

Danielle Heidemann

Senior Specialist

Wipfli CPAs and Consultants

About the Speaker(s)

Danielle Heidemann is an internal audit senior specialist in Wipfli LLP’s financial institutions practice.  Focused on providing internal audit and Bank Secrecy Act (BSA) services, she has extensive financial industry knowledge and experience.  Danielle is skilled at evaluating internal controls and assisting clients with practical and value-added recommendations.

Register Now Pay by Check

FFIEC #051 – Review of the Newest Call Report for Eligible Small Institutions

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Call Report Accounting

This important webinar will focus on the most recent Call Report made available for small depository institutions in order to reduce regulatory burden.

This Call Report training will cover questions related to reducing regulatory burden such as the following:

  1. What is the purpose for Form #051?
  2. Who (which entities) should use the Form #051?
  3. What is the reason for the new Schedule SU, Supplemental Information?
  4. What schedules have been significantly changed because of the new Schedule SU (examples will be illustrated)?
  5. What frequency of reporting changes have been made?
  6. What threshold changes have been made?
  7. What lines have been removed?

This Bank Accounting Webinar of the entire #051 Call Report will give preparers valuable information that will help prepare the new report efficiently. Those who use the #051 in place of FFIEC #041 will experience significant time savings.

Date of Event

Friday, July 27, 2018
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

Register Now Pay by Check

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

FFIEC #041 – Review and Explanation of Recent and Upcoming Call Report Changes

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Call Report Accounting

This timely bank accounting webinar is valuable to all preparers of the Call Report Form FFIEC #041. Continuous changes to what is or isn’t included in the Call Report make its preparation difficult.

This call report webinar focuses on important changes such as:

  • Changes for the upcoming Call Report
  • Change to the immediately past Call Report, including changes or updates to the instructions
  • Changes made to prior Call Reports that continue to be troublesome for preparers

The course highlights structural changes to schedules and lines within the schedules. That includes deletions of old lines and inclusions of new lines and what is included on the new lines and why.

This call report training also identifies and discusses changes required by new accounting “rules.”  Where possible new Call Report schedules reflecting changes will be presented for clarify purposes.  Additionally where appropriate, examples of accounting issues and how they should be presented on the Call Report will be illustrated.

Date of Event

Friday, July 20, 2018
12:00 – 1:30 pm ET
11:00 – 12:30 pm CT
10:00 – 11:30 am MT
9:00 – 10:30 am PT

Pricing
$249 for Webinar plus playback*
*Playbacks do NOT expire and may be shared internally

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Paul Sanchez - PSA

Paul Sanchez
Founder – PSA Professional Service Associates

Register Now Pay by Check

About Paul Sanchez

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

2017 Call Report Issues and Challenges (2-part Series)

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Part One: 2017 Call Report Issues – Problematic Schedules and Lines Schedule RC-R

This bank accounting webinar addresses probably the most important of all Call Report Schedules on Form FFIEC #041.

  • Schedule RC-R – Regulatory Capital

The webinar provides important background information about Basel I, II and III and the impact on regulatory capital computations. The brief history makes it easier to comprehend the most current Schedule RC-R, that deals with the Basel III approach to calculating regulatory capital.

The webinar focus is on the numerators and denominators for the four regulatory capital ratio computations.

Numerator

The numerator (Part I of Schedule RC-R) deals with the dollar amounts needed for:

  • CET1 (Common Equity Tier 1 Capital)
  • Tier 1 Capital
  • Tier 2 Capital
  • Total Capital

The actual Schedule RC-R for the numerator will be reviewed with line by line explanations. The materials provided are a great continuing reference tool for preparers of Schedule RC-R. The webinar will walk-through the entire computation of the four numerators.

Denominator

The denominator deals with risk-weighted assets. Part II of Schedule RC-R will also be reviewed in detail. Emphasis will be placed on the types of assets put into the Basel I and II prior risk-weighted categories of 0%, 20%, 50%, 100% and what has been changed to those categories and what are the new categories added by Basel III.

Special attention is paid to categories for:

  • High volatility commercial real estate (HVCRE)
  • Past due exposures
  • Equity exposures
  • Mortgage-backed securities
  • Securitizations (on and off balance sheet)

— SSFA approach

— Gross up approach

— 1250% risk weighted approach

  • OBS items (excluding securitizations)
  • Derivative contracts
  • Collateralized contracts
  • Deferred tax assets
  • Residential mortgages
  • Trust preferred and other hybrid securities

All attendees will take away an excellent understanding of Schedule RC-R and its approach to the calculations of:

  • CET1 Capital Ratio
  • Tier 1 Capital Ratio
  • Total Capital Ratio
  • Leverage Ratio

The difficult but most important Schedule RC-R will become more manageable after this webinar.

Part Two: 2017 Call Report Issues – Problematic Schedules and Lines

This Part 2 of the Call Report Issues series addresses difficult and problematic schedules and lines on the Call Report.

Particular emphasis is placed on Troubled Debt Restructurings (TDRs) and how they should be reported on Schedules RC-C and RC-N. A review of the actual schedules and explanations of the TDR “rules” will be provided with excellent materials for future references.

Negative Amortizing Loans will also be reviewed with explanations and examples of how these confusing loans work and how they affect the balance sheet and income statement. Schedule RC-C, Part I, Memoranda and Schedule RI, Memoranda will be carefully reviewed and explained.

Also, Reverse Mortgages will be discussed with a particular emphasis on Home Equity Conversion  Mortgages (HECMs) of the FHA Reverse Mortgage Program. Explanations will also be provided with a detail review of the applicable reverse mortgage lines on Schedule RC-C, Part I, Memoranda and Schedule RC-L, Derivatives and Off Balance Sheet items.

Other problematic issues covered are:

  • Transaction vs Non-transaction Deposit Accounts
  • Extensions to “Insiders”
  • Maturities for Fixed vs Variable Rate Loans
  • Reporting Changes in Loan Status – HELOC to Fixed Rate

Attendees will take away the appreciation of the problematic areas and how they should be handled. The presentations and reference material will provide attendees with an easier, more efficient, accurate way to deal with those Call Report “headaches.”

Pricing

$395 for Live Webinars and Playbacks*
*Playback has no expiration and may be shared internally

Dates of Event

Wednesday, April 19, 2017

Part 1

  • 12:00 – 1:30 pm (Eastern Time)
  • 11:00 – 12:30 pm (Central Time)
  • 10:00 – 11:30 am (Mountain Time)
  • 9:00 – 10:30 am (Pacific Time)

Part 2

  • 2:00 – 3:30 pm (Eastern Time)
  • 1:00 – 2:30 pm (Central Time)
  • 12:00 – 1:30 pm (Mountain Time)
  • 11:00 – 12:30 pm (Pacific Time)

Credits

  • 3.0 CPE Credits

Your Speaker(s)

Paul J. Sanchez

Owner, PSA – Professional Services Association

Paul Sanchez - PSA

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Call Report Basics and Advanced Topics (2-Part Series)

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Part One: The Fundamentals

This is the first of several 90-minute sessions designed to make the Call Report preparation experience less burdensome.

“Call Report Overview – Part 1 – Fundamentals” provides the participants with the “big picture” concerning the purposes of the Call Report and how to best approach the seemingly overwhelming quarterly task of preparing this important regulatory filing.

The session discusses the basic Call Report requirements –

  • What form to file (FFIEC 031, FFIEC 041) and when;
  • How each bank has different filing requirements based on asset size and other “tests”;
  • What vendor help is available etc.

It also focuses on the banking issues and their related accounting implications that are embedded in the Call Report Schedules and lines. It explains how the Call Report represents a bank balance sheet (Schedule RC) and an income statement (Schedule RI) with extensive detail disclosures in the various Schedules (RC-A, RC-B, RC-C etc.). How the Schedules and basic financial statements are connected is carefully explained. Logical explanations are provided showing how the overall financial statements, Schedules and individual lines are all “tied together” into a cohesive financial presentation. Participants will learn how to navigate through the Call Report to best discover the bank’s financial position as of quarter end and its financial operations for the quarterly period.
Objectives after taking the Class:

  • Participants will avoid a “fill in the boxes” approach to the Call Report preparation.
  • Participants will obtain knowledge of the overall purposes and importance of the Call Report and how best to approach the difficult quarterly task.
  • Participants will master the Call Report from a “big picture” viewpoint.

Specific coverage addresses the following:

  • Review the bank balance sheet and income statement as shown on Schedules RC and RI
  • Show the relationship between the financial statements and the supporting Schedules (i.e. how, for example, the securities amounts on the lines on Schedule RC are supported by certain lines in specific columns on Schedule RC-B; how the loan amounts on Schedule RC are supported by lines on Schedule RC-N; how memoranda items on various Schedules and on Schedule RC-M are all interrelated, etc.)
  • Explain each line on the financial statements indicating their meaning from three distinct points of view:
    • Banking products (for example, fed funds sold vs. fed funds purchased)
    • Banking business risk (for example interest rate risk vs. credit risk);
    • Bank accounting (for example, historical cost v. fair value vs. lower of cost or market) point of view
  • Explain appropriate lines on the financial statements where it is important to understand generally accepted accounting principles (GAAP) requirements
  • Distinguish between those Schedules that are primarily quantitative support for financial statement amounts and those Schedules that are primarily full disclosure issues.
Part Two: Advanced Topics

This is the second of several 90-minute sessions designed to make the Call Report preparation experience less burdensome. “Call Report Advanced – Part 2 – Specific Topics” provides the participants with specific details about the Call Report Balance Sheet (Schedule RC) – the most important Schedule from a regulatory point of view. It will also focus in detail on the important Schedules that are directly related to the Balance Sheet.

Detailed coverage of the following Schedules will provide information about substantially all of the more significant items on the Call Report:

  • The bank Balance Sheet (Schedule RC) with specific emphasis on the important assets
  • Securities (Schedule RC-B) with specific coverage of accounting “rules” for Held-to-Maturity securities and Available-for-Sale securities and the related unrealized holding gains and losses; fair value vs. historical cost; other comprehensive income; other than temporary impairments
  • Loans and Leases – Part 1 (Schedule RC-C) with specifics about the proper classification of loan types (secured by real estate, agricultural loans, consumer loans, C&I loans etc.) Also, specifics include memoranda items re: Accruing loans that are TDRs, negative amortizing loans, loans at fair value etc.
  • Past Due and Non Accrual Loans (Schedule RC-N) with details about how to place loans in various past due classifications (past due 30 to 89 days and still accruing, past due 90 days or more and still accruing, nonaccrual); Specifics also include memoranda items re: TDRs, negative amortizing loans, loans at fair value etc.
  • Other Assets (Schedule RC-F) with specific coverage about important assets that do not “fit” elsewhere on the balance sheet (e.g. deferred tax assets, life insurance assets, I/O strips, FDIC loss indemnification assets etc.)
  • Other Liabilities (Schedule RC-G) with specific coverage about important liabilities that do not “fit” elsewhere on the balance (e.g. deferred tax liabilities, allowance for OBS credit losses etc.)
  • Memoranda (Schedule RC-M) with explanations for specific important disclosure items (e.g. credit extensions for “insiders,” intangible assets, OREO, other borrowed money, etc.)

Participants will obtain valuable knowledge about the balance sheet, the primary concern of regulators from a liquidation viewpoint. Also, significant related schedules will provide information that is vital to fair presentation and will be useful when dealing with regulatory capital on Schedule RC-R, to be addressed in a future Call Report session.

Pricing

$395 for Webinars and Playbacks*
*Playback has no expiration and may be shared internally

Dates of Event

Wednesday, April 12, 2017

Part 1

  • 12:00 – 1:30 pm (Eastern Time)
  • 11:00 – 12:30 pm (Central Time)
  • 10:00 – 11:30 am (Mountain Time)
  • 9:00 – 10:30 am (Pacific Time)

Part 2

  • 2:00 – 3:30 pm (Eastern Time)
  • 1:00 – 2:30 pm (Central Time)
  • 12:00 – 1:30 pm (Mountain Time)
  • 11:00 – 12:30 pm (Pacific Time)

Credits

  • 3.0 CPE Credits

Your Speaker(s)

Paul J. Sanchez

Owner, PSA – Professional Services Association

Paul Sanchez - PSA

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