Call Reporting on Loan Related Items - Part 2

Date:

Aug 13, 2020

The Call Report is constantly changing, producing confusion and many questions. Extensive changes took place over the course of the past few years and months and there are more on the horizon. Loan information on the Call Report provides critical credit information for regulators, especially in today's environment. Our recent challenges related to COVID-19 have added to the reporting burden with changes impacting all financial institutions.

This 2-part webinar will help you learn the classification priority for reporting loan information correctly and will provide detailed information related to:

 

  • Loan classifications by Call Code
  • Unused commitments
  • Derivatives originating from mortgages held for sale
  • Insider loans
  • Troubled debt restructurings
  • The impact upon implementation of ASU 2016-13 Current and Expected Credit Losses (CECL)
  • Reporting purchase credit impaired loans vs credit deteriorated loans under ASU 2016-13

 

We will also discuss in detail the regulatory changes impacting the 2020 Call Report resulting from the CARES Act and COVID-19 to include:

 

  • Reporting PPP loans and any associated borrowings
  • Troubled debt restructurings under section 4013 of the CARES Act
  • HVCRE definition revisions effect for the June 30, 2020 Call Report
  • Off-balance sheet exposures reportable for eligibility for the CBLR framework
  • Classification of HELOCs and reporting changes to open-end and closed-end lines of credit secured by 1-4 family residential properties that will be effect for reporting in 2021.