John Barrickman has extensive experience in all aspects of banking including retail banking, commercial lending, credit administration and credit training. He also served for five years as president and chief executive officer of a $185 million financial institution.
In addition, Mr. Barrickman has been a bank consultant focusing on risk management, credit process, strategic planning, and all aspects of commercial lending.
Mr. Barrickman has also been active in banker education serving on the faculty of a number of regional lending schools and graduate schools of banking. He has also authored curricula on commercial lending for use in commercial lending schools. Mr. Barrickman has co-authored a book entitled Strategic Credit Risk Management for Robert Morris Associates.
One of the more challenging aspects of lending is analyzing personal financial statements and tax returns. To assess the borrower’s ability to convert assets to cash to pay short term debt often requires significant adjustments to the borrower’s reported net worth. Adjusted gross income on Form 1040 bears no relationship at all to cash available to pay personal living expenses and debt service. To determine cash available, the lender must construct a personal cash flow using information contained in the personal financial statement and schedules of the tax return.
Plus frequent question and answer sessions throughout this presentation.
