2021 Call Report Update

Overview

2021 Call Report Update

The Call Report is constantly changing, producing confusion and many questions. Extensive changes took place over the course of the past few years and it is anticipated that changes will continue into the future. Our nation’s recent challenges related to the economic crisis under COVID-19 have added to the reporting burden with changes impacting all financial institutions.

This fast-track workshop 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 workshop. The FFIEC 041 and 051 reports will be referenced in the presentation and materials.

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Topics

Topics

This workshop will cover new accounting and regulatory matters that impact the financial services industry and require reporting changes currently impacting the Call Report. The 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
  • Equity Securities under ASU 2016-01
  • Premiums on Callable Debt Securities under ASU 2017-08
  • Lease Accounting under ASU 2016-02
  • Credit Loss Accounting (CECL) under ASU 2016-13
  • 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 covered in detail. 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. Currently, regulatory topics covered in this webinar will include:

  • Accounting and reporting Troubled Debt Restructurings to include the current 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.
  • Off-balance sheet exposures included in the calculation for eligibility under the CBLR framework.
  • Revisions to the calculation for eligible retained earnings for non-CBLR electing institutions.
  • Current status for reporting PPP loans and any associated borrowings.
  • Participation in the MMLF borrowing program and the assets purchased as a result of a bank’s participation in the program.
  • Line item impacts from the adoption of CECL and the calculations for amounts impacting the calculation of capital ratios to include risk weighting assets impacted under the CECL methodology.
  • Changes to Regulation D and the reporting of transaction and non-transaction accounts.
  • 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.
  • The simplification to the regulatory capital rules as provided by changes in 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.
Speaker

Cynthia Dopjera, CPA
Senior Consultant
3PR, Inc.

Ms. Dopjera 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 the areas of accounting, internal audit, Call Report preparation and review, all while working for small community banks as well as large regional banks. In early 2020, Ms. Dopjera became responsible for all 3PR Call Report Training sessions, which includes multi-day in person and online delivered training around the U.S.

Ms. Dopjera is certified as a public accountant (CPA). In 2000, she joined the public accounting firm of Harper & Pearson Company, P.C., where she served as Practice Leader for the Firm’s financial institutions practice. Her responsibilities included providing professional services to community banking and savings organizations, as well as large, publicly traded, regional institutions. The Firm’s services included financial statement audit, accounting, tax preparation and filing, internal control audit, Call Report audit, regulatory compliance, loan and asset quality review, model validations, interest rate risk assessments, 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.

Audience

Audience

Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Annual training is highly recommended by regulators. Banks should have a trained preparer and a trained reviewer. 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 Call Report. Specific areas of concern should be communicated to the sponsor in advance of the seminar so that these areas can be covered with appropriate adequacy.

Pricing

Pricing

Pricing below is per person. Please contact us at registrations@westernbankers.com to inquire about group discounts.

Pricing For Price
WBA Bank Member $495
Bank Non-member $795

Registration fees less a $75 processing fee per registrant will be refunded if cancellation is received by January 5, 2021. No refund if cancellations are received after January 5, 2021. Substitutions welcomed.

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