2020 Call Report Update Seminar OnDemand with Live Streaming

Attend the 2020 Call Report Update from the convenience of your own office via Live Streaming Video as it happens on Monday, March 23rd (9:00 am – 4:00 pm Central Time), or at your own convenience with 6 months of OnDemand playback. Note that the speaker video will only be available for the Live broadcast of this program. The recordings will only display the screen share.

The Call Report is constantly changing, producing confusion and many questions. Extensive changes took place over the course of the past few years and there are more on the horizon. This seminar will provide updates and training for experienced preparers and reviewers and will include complete coverage of new and complex issues impacting the Call Report preparation. New, proposed, and revised changes will be presented in summary form at the beginning of the seminar followed by a more detailed discussion over the course of the seminar.

Participants will receive a working-copy manual that will be referred to throughout the seminar. Ms. Dopjera will be available to answer future Call Report questions by email. All questions should be routed to questions@3princ.com. Annual training such as this is highly recommended by regulators. Participants may want to bring their Bank’s most recent Call Report for resolution of questions during the session. The FFIEC 041 & 051 forms will be used in the presentation and materials.

The seminar will end with a discussion of commonly cited errors made in Call Report preparation. Schedules included in the presentation are the FFIEC 041 & 051 forms.

Highlights:

  • Proposed and approved changes to the 2020 and 2019 Call Reports as well as other recent revisions (see below outline).
  • Summary and outline of the implementation time-lines for new Accounting Standards Updates related to Leases, Credit Losses (CECL), Revenue Recognition relative to bank financed sales of ORE, Equity Securities, and Premiums on Callable Debt Securities.
  • Focused discussion on the following relative to revisions from 2019 and proposed for 2020.
    • Income Statement and Balance Sheet impacts
    • Loan Schedules
    • Deposit Schedules
    • Risk Based Capital Schedule and the CBLR

Recently Proposed and Approved Revisions:

  • Increase in small bank asset size eligibility for filing on the FFIEC 051 form from $1 billion to $5 billion – effective September 30, 2019.
  • Semi-annual reporting for several more line items on the FFIEC 051 form, primarily RC-R Part II lines 1-25, risk weighting of on-balance sheet and off-balance sheet assets – effective September 30, 2019.
  • Banks with assets over $1 billion that file on the FFIEC 051 form will still have to provide information on consumer deposit accounts and the related service charges, disaggregated data on the allowance for credit losses, and uninsured deposits in certain quarters – effective September 30, 2019.
  • Option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy for banks that meet certain criteria – effective January 1, 2020.
  • Update to brokered deposit definition to exclude certain reciprocal deposits – effective March 31, 2019.
  • Changes to the Risk Based Capital rules that will be effective April 1, 2020 (with early adoption available and reportable in the March 31, 2020 Call Report) and simplify the threshold deduction treatment for mortgage servicing assets, deferred taxes arising from temporary differences that cannot be realized through carrybacks, and investments in the capital of unconsolidated financial institutions.
  • New information on the HVCRE definition as well as reporting of reciprocal deposits.

Training Day Agenda (subject to change)

9:00 am - 10:30 am CT (10 minute break)

  • Reduced reporting recap
  • Shifts in reporting status
  • Basis of accounting and U.S. GAAP
  • New accounting and regulatory revisions

10:40 am - 12:00 pm CT (45 minute lunch break)

  • New accounting and regulatory revisions, continued

12:45 pm - 4:00 pm (with 10 minute break around 2:15 pm)

  • Review FIL's and the updates included for 2019 and 2020
  • Review of specific Call Report Schedules impacted by the accounting and regulatory changes to include RI, RI-A, RI-B, RI-C, RI-E, RC, RC-B, RC-C, RC-E, RC-F, RC-G, RC-K, RC-L, RC-M, RC-N, RC-S, RC-R and the CBLR framework.

Who Should Attend?

Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Banks should train a preparer and reviewer. Anyone responsible for preparing, auditing, or signing the Call Report will find the program valuable. The seminar is designed for more experienced preparers and reviewers interested in new reporting requirements.

Annual training in Call Report preparation is highly recommended by bank regulators, not just for preparers of the Call Report, but also for reviewers. A reviewer needs to understand the reporting requirements and should spend at least 3-4 hours performing a detailed check of the completed Call Report schedules and supporting documentation. New and experienced preparers and reviewers require ongoing training in order to stay current on matters impacting financial reporting.