2021 Call Report Recap and a Look Into 2022

The Call Report has been subject to many changes over the course of the past 18 months and continues to be impacted by economic, accounting and regulatory changes. Our recent challenges related to the economic crisis under COVID-19 have added to the reporting burden with changes impacting all financial institutions that continued into 2021 with the possibility of continuing to impact 2022.

A discussion of regulatory and accounting changes impacting the 2021 Call Report and those proposed to impact 2022 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 the December 31, 2021 reporting period with a look at what to expect for March 31, 2022.

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.

Covered Topics

A summary of the reporting impact and the implementation timelines for selected new Accounting Standards Updates (ASU) related to the following will be discussed:

  • Reference Rate Reform under ASU 2020-04.
  • Lease Accounting under ASU 2016-02.
  • Credit Loss Accounting (CECL) under ASU 2016-13 to include current regulatory reporting matters.

Regulatory impact items covered will include:

  • Financial Institution Letters issued in 2021 impacting the Call Report to include recent guidelines on reporting deferred tax assets on a separate entity basis and use of the standardized approach for counterparty credit risk with new reporting item in RC-R Part 1 item 31.a. that will be effective for December 31, 2021.
  • Accounting for loan modifications and reporting Troubled Debt Restructurings to include the 2021 current status for reporting modifications under Section 4013 of the CARES Act and the Revised Statement issued by the Regulators. A look forward to 2022 will be discussed.
  • Off-balance sheet exposures to include a discussion on unconditionally cancelable commitments as provided in the Regulatory Capital Rules and applied to the Call Report.
  • Reporting Sweep Deposits under the newly added items in RC-E that will be applicable for all banks December 31, 2021.
  • PPP loan reporting, income recognition and risk weighting now that forgiveness is in process.
  • HELOC reporting in schedule RC-C and how to apply the new reporting rules when a loan converts to non-advancing status.

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. Both new and experienced preparers and reviewers will benefit from this update and the continued discussion on accounting and financial reporting matters.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
2021 Call Report Update Webinar OnDemand with Live Streaming0.5 Any AnyWebinarOn-Demand Faculty$1,049.00 Register Now
Delivery Options

Webinars for Banks and Credit Unions

Live Webinar:

INCLUDES 30 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a phone for the audio. You can type and send your questions to the instructor.  And don‰’t worry if you miss the webinar, you can still view it for up to thirty days after it takes place!

Live Plus Twelve Months OnDemand Playback:

With this option, you will receive the live version, then you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The link will be available to you (and anyone else in the company) for up to twelve months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

Live, Twelve Months OnDemand Playback PLUS CD-ROM VIDEO:

By adding the CD-Rom to your order, you will have non- internet access to make the webinar part of your training library.  The CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

Recorded Webinar Options available as Twelve Months OnDemand and Twelve Months OnDemand and CD-Rom

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