Ann Thomas has thirty 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 several 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.
Tuesday, February 28th, 2012
12:00 pm CT
On November 21, 2011, the regulatory agencies proposed changes to the 2012 Call Report to provide data needed for safety and soundness or other public purposes. Two of the proposed changes would affect the March, 2012 Call report (for thrifts converting to the call report), but most of the proposed changes would be effective with the June, 2012 Call Report.
The Call Report - Recent Changes, Highlights, and Pitfalls webinar is designed for experienced preparers and reviewers. The webinar will cover the 2012 revisions and recently approved changes to the call report, as well as updates due to revisions in accounting standards, other areas of concern, and common errors made during call report preparation. A classification priority for schedule RC-C will also be reviewed. All loan schedules, including loan income and averages, are required to be reported using RC-C definitions of loan types. Loans must be reported using a classification priority that considers several factors -- borrower, purpose, and collateral; reporting should not be based on purpose or class coding.
Proposed revisions include:
March, 2012 (for thrifts converting to the call report)
- RC-M, New line items would be added to report on the test used to determine compliance with the Qualified Thrift Lends requirement and whether have remained in compliance with the requirement
- RC-R, Revisions to existing items used in the calculation of the leverage ratio denominator
- New schedule, RI-C, Disaggregated Data on Allowance for Loan and Lease Losses - would be required for banks with total assets of $1 billion or more
- New schedule, RC-U, Loan Origination Activity - would be required for banks with total assets of $300 million or more
- RC-N, new memo item to report total outstanding balance and related carrying amount of purchased credit impaired loans
- RC-P, new items to report amount of representation and warranty reserves for 1-4 family residential mortgage loans sold with a separate disclosure of reserves for representations and warranties made to U.S. government and governments sponsored agencies and to the other parties
- Instructional clarifications:
- Discontinued use of specific valuation allowances (SVA's) by savings associations
- RC-O, M1a1, reporting the number of deposit accounts of $250,000 or less by banks that have issued certain brokered deposits
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.
"As always Ann does a great job on keeping the changes simple and explains in a way that is easy to follow." -Alice B., Park National Bank