This 2 day live streaming event will provide information on new, proposed, and revised changes to the Call Report with identification of specific Call Report line items impacting December 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 final reporting quarter for 2023, questions are raised over what the reporting impact will be from the FASB revisions to accounting and reporting of TDRs and the elimination of our current terminology related to modified loans.
In addition, were you comfortable with the reporting impact within your Call Report related to the adoption of CECL? Do you understand the impact of reporting Purchase Credit Deteriorated (PCD) loans and securities in the Report of Condition as well as other schedules that require specific accounting for all PCD assets?
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.
Call Report Preparation All Day Live Streaming – Day 1
October 12, 2023, 9:00 am CST
The following schedules will be covered, however, not all line items within each schedule will be discussed (subject to change):
Schedule RC – Report of Condition
Schedule RI – Report of Income
Report of Income schedules:
RI-A – Changes in Equity Capital
RI-B – Charge-Offs and Recoveries
RI-C – Allowance for Credit Losses
RI-E – Explanations
Report of Condition schedules:
RC-A – Cash and Due From Banks
RC-B – Securities
RC-F – Other Assets
RC-G – Other Liabilities
Call Report Preparation All Day Streaming – Day 2
October 13, 2023, 9:00 am CST
The following schedules will be covered, however, not all line items within each schedule will be discussed (subject to change):
RC-C – Loans
RC-E – Deposits
RC-K – Average Balances
RC-L – Unused Commitments & Off-Balance Sheet Items
RC-M – Memoranda
RC-N – Past Due, Nonaccruals & TDRs
RC-O – Insurance Assessments
RC-P – Mortgage Banking Activities
RC-Q – Reporting Fair Value Assets and Liabilities
RC-R Part I – Capital Ratios and the CBLR
RC-R Part II – Risk Weighting Assets (with a focus on the loan portfolio and unfunded commitments)
RC-S – Servicing, Securitization, Sales
SU – Report 051 items covered with discussion of Form 041 corresponding items
What You’ll Learn
This 2-day live streaming training will cover general preparation instructions, background on regulatory matters that impact the Call Report, changes in reporting status, regulatory rules, and general information about reporting requirements under U.S. GAAP.
A summary of the reporting impact and the implementation timelines for new Accounting Standards Updates (ASU) related to the following will be discussed:
- Reference Rate Reform and ASC Topic No 848 o Recap on Credit Loss Accounting (CECL) under ASU 2016-13 (ASC Topic No 326) to include regulatory reporting matters and common questions that arose during implementation.
- Reporting Modified Loans under ASU 2022-02 and ASC Topic No 326.
- ASU 2022-01 Layering Method – Derivatives o ASU 2022-03 Fair value measures for equity securities with contractual restrictions
- Staff Accounting Bulletin No 121 on Crypto-Asset safeguarding obligations
There are several data points that will be removed from the September Call Report based upon the FDIC’s review. A discussion of these regulatory changes and other changes impacting the current 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 year-end 2023 reporting and the first quarter of 2024.
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. Experienced preparers and reviewers will benefit from the updates and the continued discussion on accounting and financial reporting matters. The seminar will provide basic training for new preparers, though some basic accounting knowledge is helpful, and complete coverage of new and complex issues for experienced preparers. 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.
Field of Study: Accounting
Skill level: Basic
Prerequisites: Basic knowledge of a bank’s general ledger chart of accounts with a basic understanding of bank accounting. Familiarity with preparing a call report.
Advanced Preparation: None
Instructor Bios
Cynthia 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.
Andrea Lambert is currently lending her skills as a trainer and consultant as a member of the 3PR staff. Andrea has over 20 years of banking experience with a broad range of financial and operational skills. She began her banking career as a part-time teller and bookkeeper as she completed her BS in finance from Illinois State University. In 2005, she started a seven-year career with The Office of the Comptroller of the Currency as an Associate National Bank Examiner, becoming familiar with rules and regulations, best practices, and success strategies as they relate to the call report process and the banking industry as a whole. In 2012, Andrea filled the Cashier position at a local community bank. During the ten years she worked there, she was responsible for ensuring the accuracy of various operational components of the bank, with a focus on call report preparation.
Continuing Education Credit Information
Call Report Preparation 2 Day Streaming has been approved for 12 CPE credits. Credits are redeemable for Live attendance only.
Registration
Live Access + Includes: Access the recording for 12 months. $1889
