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The 2021 Call Report: Current Matters and Areas of Uncertainty

The Call Report for 2021 is impacted by new reporting requirements related to reporting brokered deposits, sweep accounts, HELOCs, international remittance transfers, and additional reporting for institutions that have adopted CECL.

OnDemand
Recorded Thursday,
September 16th, 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

  • Lending
  • Reporting
  • Commercial Lender
  • Consumer Lender/Retail Banker
  • Controller/Accountant
  • Credit Analyst
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Senior Management

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The Call Report for 2021 is impacted by new reporting requirements related to reporting brokered deposits, sweep accounts, HELOCs, international remittance transfers, and additional reporting for institutions that have adopted CECL. In addition, the Call Report continues to be impacted by the CARES Act and the regulatory agencies’ rulings that resulted from the COVID-19 crisis.

What You'll Learn

  • Reporting Revisions effective for 2021 Call Reports:
    • Temporary increases in total assets – impact to reporting requirements.
    • Key elements and new items for reporting related to CECL
    • A discussion on reporting TDRs
    • Reporting International Remittance Transfers
    • Revised definition for reporting Savings as NOW accounts
    • The changes related to the brokered deposit framework
    • Newly added items to Schedule RC-E on retail sweep accounts
    • Reporting deferred tax assets on a separate entity basis and use of the standardized approach for counterparty credit risk with new reporting item in RC-R Part 1 item 31.a.
    • Reporting shared fees on securities and insurance sales activities
  • Did you know…..The following areas will be covered due to the volume of questions and uncertainly about what to report:
    • Realized and unrealized gains and losses on equity securities
    • Loan coding and reporting income on loans
    • Loan risk weighting – specific types to look out for
    • Unconditionally cancelable commitments
    • Reporting HELOCs that converted to closed-end prior to January 1, 2021.

Who Should Attend

Anyone responsible for preparing, reviewing, 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 and up-to-date rulings impacting preparation of the 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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