Call Report Updates Webinar

The Call Report has been subject to many changes over the course of 2020 and continues to be impacted by economic, accounting and regulatory changes. Extensive changes took place over the course of the past few years and there are more on the horizon. Our recent challenges related to the economic crisis under COVID-19 have added to the reporting burden with changes impacting all financial institutions that will continue into 2021.

This 2-hour webinar will provide information on new, proposed, and revised changes to the Call Report with identification of specific Call Report line items impacted. Accounting guidance and regulatory changes will be discussed and presented in order to update those with Call Report preparation and review responsibilities.

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.

Covered Topics

This webinar will cover new accounting and regulatory matters that impact the financial services industry and require reporting changes currently impacting the Call Report. The 2020 and 2021 impact of the CARES Act and related regulatory interim and final rules resulting from the COVID-19 crisis will also be discussed.

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 under ASU 2020-05
  • Premiums on Callable Debt Securities under ASU 2017-08 and ASU 2020-08
  • High level discussion on Lease Accounting under ASU 2016-02
  • Update to the Credit Loss Accounting (CECL) under ASU 2016-13 and delayed implementation of the standard.
  • Revenue Recognition (to include recording gains on sales of OREO) under ASC Topic No 606 and 610

A discussion of regulatory changes impacting the 2021 Call Report will be discussed. 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 March 31, 2021 Call Report.

  • Financial Institution Letters issued late 2020 and current 2021 FILs impacting the Call Reporting process and requirements to include threshold changes in reporting status, modifications to reporting pledged securities and RC-B, reporting shared fees on securities and insurance activities, reserves on unfunded commitments for CECL banks, and changes to the Reg D eligibility definition for NOW account holders.
  • Accounting and reporting Troubled Debt Restructurings to include 2021 status for reporting TDRs under Section 4013 of the CARES Act and the April 2020 Revised Statement issued by the Regulators.
  • Risk weighting loans impacted by modifications made as a result of COVID-19.
  • Schedule RC-R Part I and the CBLR framework as originally reported and the changes due to the CARES Act and COVID-19.
  • Current status for reporting PPP loans and any associated borrowings.
  • HVCRE definition revisions.
  • Classification of HELOCs and reporting changes to open-end and closed-end lines of credit secured by 1-4 family residential properties.

Who Should Attend?

Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Anyone responsible for preparing, reviewing, or signing a Call Report will find this program valuable. While some basic knowledge of the Call Report will be helpful for participants, both new and experienced preparers and reviewers will benefit from this update and the discussion on accounting and financial reporting matters that impact the completion of the March 31, 2021 Call Report.

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.

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Related Topics

Instructor

Cynthia Dopjera
Cynthia Dopjera

Ms. 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 h... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Call Report Updates0.25 Any AnyWebinarSix Month On-Demand Recording Cynthia Dopjera$295.00 Register Now
Call Report Updates0.25 Any AnyWebinarCD-ROM Video Recording Cynthia Dopjera$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 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 telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player 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 weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want 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.

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