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Call Report Updates

This 2-hour webinar will provide information on new, proposed, and revised changes to the Call Report with identification of specific Call Report line items impacted.

OnDemand
Recorded Monday,
February 22nd, 2021
Presented by Cynthia Dopjera
2h total length
2.5 CEU Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Reporting
  • Risk Management/Legal
  • Controller/Accountant
  • Loan Operations Manager/Specialist
  • Senior Management

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The Call Report has been subject to many changes over the course of 2020 and continues to be impacted by economic, accounting and regulatory changes. Extensive changes took place over the course of the past few years and there are more on the horizon. Our recent challenges related to the economic crisis under COVID-19 have added to the reporting burden with changes impacting all financial institutions that will continue into 2021.

This 2-hour webinar will provide information on new, proposed, and revised changes to the Call Report with identification of specific Call Report line items impacted. Accounting guidance and regulatory changes will be discussed and presented in order to update those with Call Report preparation and review responsibilities.

Participants will receive handout materials to include a PDF version of the presentation and additional documentation required to support the topics covered in the webinar. The FFIEC 041 and 051 reports will be referenced in the presentation and materials.

What You'll Learn

This webinar will cover new accounting and regulatory matters that impact the financial services industry and require reporting changes currently impacting the Call Report. The 2020 and 2021 impact of the CARES Act and related regulatory interim and final rules resulting from the COVID-19 crisis will also be discussed.

A summary of the reporting impact and the implementation timelines for new Accounting Standards Updates (ASU) related to the following will be discussed:

  • Reference Rate Reform under ASU 2020-05
  • Premiums on Callable Debt Securities under ASU 2017-08 and ASU 2020-08
  • High level discussion on Lease Accounting under ASU 2016-02
  • Update to the Credit Loss Accounting (CECL) under ASU 2016-13 and delayed implementation of the standard.
  • Revenue Recognition (to include recording gains on sales of OREO) under ASC Topic No 606 and 610

A discussion of regulatory changes impacting the 2021 Call Report will be discussed. As new regulatory matters arise, they will be added to the agenda in order to provide participants with the most current training applicable for the March 31, 2021 Call Report.

  • Financial Institution Letters issued late 2020 and current 2021 FILs impacting the Call Reporting process and requirements to include threshold changes in reporting status, modifications to reporting pledged securities and RC-B, reporting shared fees on securities and insurance activities, reserves on unfunded commitments for CECL banks, and changes to the Reg D eligibility definition for NOW account holders.
  • Accounting and reporting Troubled Debt Restructurings to include 2021 status for reporting TDRs under Section 4013 of the CARES Act and the April 2020 Revised Statement issued by the Regulators.
  • Risk weighting loans impacted by modifications made as a result of COVID-19.
  • Schedule RC-R Part I and the CBLR framework as originally reported and the changes due to the CARES Act and COVID-19.
  • Current status for reporting PPP loans and any associated borrowings.
  • HVCRE definition revisions.
  • Classification of HELOCs and reporting changes to open-end and closed-end lines of credit secured by 1-4 family residential properties.

Who Should Attend

Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Anyone responsible for preparing, reviewing, or signing a Call Report will find this program valuable. While some basic knowledge of the Call Report will be helpful for participants, both new and experienced preparers and reviewers will benefit from this update and the discussion on accounting and financial reporting matters that impact the completion of the March 31, 2021 Call Report.

Cynthia Dopjera

Instructor Bio

Ms. Dopjera, a Certified Public Accountant, has 38 years of experience focused on accounting and regulatory reporting for financial institutions. During the first 18 years of her career, Ms. Dopjera held various positions with responsibility across all operational areas, to include accounting, internal audit, Call Report preparation and review while working for community as well as regional banks.

In 2000, Ms. Dopjera joined the public accounting firm of Harper & Pearson Company, P.C., where she served as Practice Leader for the Firm?s financial institutions practice covering community and regional institutions. The Firm?s services included financial statement audit, accounting, tax preparation and filing, internal control audit, Call Report audit, loan and asset quality review, and design and implementation of internal controls over financial reporting frameworks for institutions regulated under FDICIA and Sarbanes-Oxley. In 2018, Ms. Dopjera retired from Harper & Pearson Company, and currently provides accounting, consulting, and training services to financial institutions.

Continuing Education Credit Information

Recommended for 2.5 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.

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