Schedule RC and Schedule RI: The Anchor Schedules

Schedule RC:

• When to reclassify negative account balances
• How to report cash items in the process of collection
• Distinguishing between equity securities reportable in item 2.c and those reportable in other assets item 11
• Reporting unposted loans and deposits
• Reporting requirements for loans held for sale and loans held for investment
• What to include and exclude from premises and equipment
• Reporting OREO and changes in value of the properties held in OREO
• Intangibles and measuring for impairment
• Reporting investments in unconsolidated subsidiaries
• Reporting deferred tax components as other assets and other liabilities
• What types of liabilities are included in total deposits
• Secured borrowings to include participations sold that fail to meet the accounting requirements established under ASC Topic No. 860
• Understanding various equity transactions and other equity components to include Other Comprehensive Income

Schedule RI:

• Reporting loan income by type code and what to include and exclude
• Reporting interest and dividend income on debt and equity securities to include the proper amortization of premiums on callable debt securities
• What to include in the Allowance for Credit Losses
• Reporting gains and losses on sales of investments, loans and other assets
• What fees should be reported as service charges on deposit accounts
• Major categories of non-interest expense items and what to include in each category
• How to allocate other noninterest income and expense items for further reporting in Schedule RI-E
• Reporting income tax expense under the accrual method of accounting