Ann Thomas has twenty-seven 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 and compliance auditing services to over ninety independent banks. In 1998, she organized Thomas Consulting. At Thomas Consulting she now prepares bank plans, monthly financial reports, performs regulatory compliance audits and training and internal control audits for several banks. Additionally, she prepares and reviews Call Reports for various banks. Ms. Thomas has taught numerous call report seminars for state banking associations. She has presented the Call Report Seminar to and has responded to questions from thousands of bankers in over 16 states. Her experience in working with a broad range of independent financial institutions is of unique value in understanding Call Report questions and in communicating with bankers in their language.
The regulators have proposed changes for 2008 that affect reporting of 1-4 residential real estate loans (income, averages, restructured), RC-P, and RC-Q. The comment period for the 2008 proposed changes closed November 13, 2007. Other significant changes to Call Report line items were approved for 2007 and subsequent years. Annual changes in accounting standards and regulatory interpretations also affect the data submitted. This two hour program provides a review of revisions of line items, accounting standards, and regulatory interpretations, as well as a review of some common errors made during call report preparation. It will insure that the Call Report preparer knows what has changed and will change and can prepare to accurately report the required data.
