Ann Thomas
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.
Wednesday, February 24th, 2010
10:00 am
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12:00 pm CT
The Institute of Certified BankersTM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CRCM credits.
On August 19, 2009, the regulatory agencies proposed changes to the 2010 Call Report to assist in managing the current credit crisis and provide additional data needed to monitor for safety and soundness. Revisions include clarification on the definition of unused commitments, reporting on Reverse Mortgages, new reporting to identify other than temporary losses on debt securities, additional reporting on brokered deposits, quarterly reporting of loans to small business and small farms, and quarterly reporting of number of deposit accounts on RC-O.
Changes were made to the 2009 Call Report as a result of the current conditions in the banking environment. The recent extension of the $250,000 Standard Maximum Deposit Insurance Amount until 2013 resulted in changes to RC-O beginning with September, 2009 Call Report. The revisions also responded to recent accounting standards by adding items for held for investment loans acquired in business combinations and revising several schedules for financial reporting changes applicable to minority interests in consolidated subsidiaries. Other changes include a new annual item on a bank's fiscal year end date, exemptions from reporting certain existing call report items for banks with less than $1 billion in total assets, clarifications of "real estate secured" loans and instructional guidance on quantifying misstatements in the call report. Changes also include new or revised items for real estate construction and development loans with capitalized leases, holdings of commercial mortgage backed securities, pledged loans, and remaining maturities of unsecured other borrowings.
Effective with the June, 2009 Call Report, banks must apply FSP FAS 115-2, Recognition and Presentation of Other Than Temporary Impairments, to debt securities. If the fair value of a debt security is less than its amortized cost basis, an entity must assess whether the impairment is other than temporary.
Items We Will Cover:
2010 Approved Changes:
- Unused commitments - changes in definitions, new line items
- Reverse mortgages - new line items
- Brokered Deposits - changes in line items and new line items
- Other Than Temporary Impairment - new line items
- RC-O Changes
2009 Call Report Revisions:
- Added Items for Held Investment Loans Acquired in Business Combinations
- Revised Several Schedules for Financial Reporting Changes Applicable to Minority Interests in Consolidated Subsidiaries
- Clarifications of:
- "Real Estate Secured" Loans
- Instructional Guidance on Quantifying Misstatements in the Call Report
- New Items for:
- Real Estate Construction and Development Loans with Capitalized Leases
- Holdings of Commercial Mortgage Backed Securities
- Fair Value Measurements for Assets and Liabilities Reported at Fair Value on a Recurring Basis for Banks that have over $500 Million in Assets
- Pledged Loans
- Remaining Maturities of Unsecured Other Borrowings
- Reciprocal CDAR Deposits
Recent Changes in Accounting Standards
- Other than temporary impairment of debt securities
- Goodwill reporting
- Commitments to originate or purchase mortgage loans that are intended for sale
Common Errors in Call Report Preparation
Who Should Attend?
This update will benefit the more experienced Call Report preparers, reviewers, and auditors. It will supplement annual comprehensive Call Report training recommended by bank regulators.
