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.
There are newly proposed changes to the 2009 Call Report as a result of the current conditions in the banking environment. The proposed revisions respond to recent accounting standards. Recent notices of proposed rulemaking that would permit a bank to reduce the amount of its goodwill deduction from tier one capital by any associated deferred liability may also impact the call report. Annual changes in accounting standards and regulatory interpretations also affect the data submitted. Recent regulatory guidance clarifies reporting on overdrafts and overdraft protection programs and also reporting of commitments to originate mortgage loans for resale.
This two hour program provides a review of recent and proposed 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.
Proposed 2009 Call Report Revisions:
March, 2008 Call Report Revisions:
Common Errors in Call Report Preparation
