Education & Events
Call Report, A Review & Update
The regulators are continuing on their burden reducing approach and announced more reductions in November, 2018 to the FFIEC 051 forms. The regulators are proposing to increase the small bank eligibility size for filing on the FFIEC 051 form from $1 billion in assets size to $5 billion and to make more line items required only semi-annually. The most significant change to semi-annual reporting will be RCR Pt II lines 1-25, the detail reporting of both on and off balance sheet risk weighting. Total risk weighted assets however, will still be required to be reported. Banks with assets of more than $1 billion will be required to report the consumer deposit detail information on balances and service charges in December only; schedule RIC semi-annually; RCO M2 on a quarterly basis. In a second proposal the regulators are considering regulatory burden relief to qualifying community banking organizations by allowing an option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy.
In September, 2018 the regulators issued proposed revisions to the 2019 Call Report to align the information in the call report with the new accounting credit loss accounting standard. The changes include updates to twelve schedules to address the broader scope of financial assets for which an allowance for credit losses must be established and maintained. Under a CECL proposed notice of rulemaking, a bank may elect to phase in the regulatory capital impact of adopting CECL over a three year period.
In June, 2018 the regulators implemented further burden reducing changes for both FFIEC 051 and 041 filers. The changes include consolidation and/or removal of several more line items and reductions in the frequency of reporting for about a dozen line items. The 051 form was originally approved in 2017 and may be used by domestic banks with less than $1 billion in assets. The 051 short form has approximately 25 fewer pages and eliminated 40% of the 041 line items as well as reducing the frequency of data collection in some of the schedules.
Additional changes to the June, 2018 Call Report were included in the supplemental instructions. The regulators issued an update to the reporting of high volatility commercial real estate (HVCRE) exposures as well as reciprocal deposits.
**See brochure for additional information**
Ann Leavelle Thomas has almost 30 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 & compliance auditing services to over ninety independent banks.
In 1998, she organized Thomas Consulting. At Thomas Consulting, she performs regulatory compliance audits, training, and internal control audits for several banks. Additionally, she prepares and reviews Call Reports for numerous banks.
8:00 a.m. Registration & Continental Breakfast
8:30 a.m. Program Begins
12:00 Noon Lunch (included)
12:30 p.m. Program Resumes
4:00 p.m. Program Adjourns
This seminar will be held at the IBA Center for Professional Development, 8425 Woodfield Crossing Blvd. Suite 155E, Indianapolis, IN 46240. Directions, map & list of hotels are available at www.indianabankers.org or by calling 317-387-9380.
Call Report Preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Banks should train a preparer and reviewer. Anyone responsible for preparing auditing, or signing the call report will find the program valuable. New and experienced preparers and reviewers should be trained,; however, the one day class is designed more for bankers with some knowledge of the call report. Annual training is highly recommended by bank regulators.
PLEASE BRING A COPY OF YOUR GENERAL LEDGER AND YOUR LATEST CALL REPORT. BANKERS FIND IT USEFUL TO REVIEW CLASSIFICATIONS DURING THE CLASS AS THE LINE ITEMS ARE DISCUSSED.
The following fees include the program, materials, lunch and refreshments:
$225 IBA Members
Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or non-member rates.
THE SEMINAR WILL COVER
- Proposed and approved changes to the 2019 and 2018 Call Reports as well as other recent revisions
- Recent Accounting Guidance (equities, leases, other real estate)
- In Depth Discussion of Loan Classification reporting rules
- Common Errors made in call report preparation
Annual training in Call Report Preparation is highly recommended by bank regulators, not just for preparers of the call report, but also for reviewers. A reviewer needs to understand the reporting requirements and should spend at least 3-4 hours performing a detailed check of the completed Call Report Schedules and supporting documentation. New and experienced preparers and reviewers should be trained.
Participants receive a 300+ page manual, which will include materials covered during the seminar as well as additional information on other call report schedules.
For more information please contact Elizabeth DeHaven via e-mail at email@example.com or call 317-387-9380.
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations 1 day prior or absences on the day of the program. Substitutions are welcome at any time.