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Call Report Preparation

Call Report Preparation

 

Who Should Participate

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. Bankers with responsibility for the entire report should attend both days. Day 2 primarily offers training to those with responsibility for the Lending Schedules and will include Risk Based Capital. Annual training is highly recommended by bank regulators.

Program Topics

Day 1 Highlights

  • General Instructions, Amendments, Procedures
  • Balance Sheet Schedules:  Operations
    RC, Report of Condition
    RC-A, Cash and Due from Banks
    RC-B, Securities
    RC-E, Deposits
    RC-F, Other Assets
    RC-G, Other Liabilities
    RC-K, Average Balances
    RC-M, Memoranda
    RC-O, Insurance Assessments
    RC-Q, Assets and Liabilities Measured at Fair Value
    RC-T, Trust Department
  • Income Statement Schedules
    RI, Report of Income
    RI-A, Changes in Equity Capital
    RI-E, Explanations 
     

Day 2 Highlights

  • Recent changes
  • March 2018 Proposed Revisions
    • Further burden reducing changes for the FFIEC 051 and 041 forms 
      - Reduction and consolidation of line items
      - Change in the frequency of data collection for some schedules
    • Proposed instructional changes to reporting of past due loans
  • Proposed Simplifications to the Capital Rules
    • Replacement of the complex definition of high volatility commercial real estate (HVCRE) exposures with a more straightforward definition for higher-risk acquisition, development, or construction (ADC) loans, high volatility acquisition, development, or construction (HVADC)
    • Simplification of the threshold deduction treatment for mortgage servicing assets (MSAs), deferred tax assets (DTAs) arising from timing differences not realizable through carryback, and investments in the capital of unconsolidated financial institutions - Approved 11/21/17
  • March 2017 Revisions, Approved January 2017
    • New FFIEC 051 form for domestic banks with less than $1 billion in assets
      - Reduction in the number of pages in the call report from 85 to 60, eliminating 40% of the existing line items
      - Change in the frequency of data collection for some schedules
  • Basel III changes
    Line by line review of the new RC-R schedule, including Capital Conservation Buffer line items
  • Balance Sheet Schedules:  Lending
    RC-C, Loan and Lease Reporting
    RC-C Part II, Loans to Small Businesses and Small Farms
    RC-K, Average Loans
    RC-L, Off Balance Sheet Items
    RC-M, Insider Lending
    RC-N, Past Due and Nonaccrual Loans
    RC-P, Mortgage Banking
    RC-S, Servicing, Securitization, Sales
    RI-B, Charge-Offs and Recoveries
    RI-C, Disaggregated Data ALLL

    The FFIEC 041 & 051 forms will be used in the presentation and materials.

Please bring a copy of your general ledger and your latest Call Report. Bankers find it useful to review during the class.

Presenter

Ann Thomas has over thirty years of experience in bank accounting and control. She received a BA in Accounting from the University of Houston in 1982. She worked with Judith Alexander Jenkins for 15 years, providing planning, financial reporting, regulatory reporting, and operational and compliance auditing services to over ninety independent banks.

In 1998, she organized Thomas Consulting. As Thomas Consulting, she has performed regulatory compliance audits and training, internal control audits, and prepares and reviews Call Reports for numerous banks. Ms. Thomas has taught call report seminars for state banking associations since 1999. She has presented the Call Report Seminars to and has responded to questions from thousands of bankers across the country. 

Registration Fee (This fee includes materials, lunch, and refreshments)

Member: $295 per day or $500 for both days

Qualified non-member bank:
$500 per day or $1,000 for both days
NOTE:  A bank may purchase one registration for the entire seminar and send different people to each day.
Please submit separate registration forms for each person.
 

Note:  You will be given the option to pay by credit card or to invoice your company during the checkout process.

Dates & Times

March 20 & 21, 2018
Check in:  8:30 AM
Program:  Day 1 - 9:00 AM - 4:00 PM/Day 2 - 8:30 AM - 3:30 PM

Location

Embassy Suites Hotel
2800 American Boulevard West
Bloomington, MN 55431
952-884-4811
Click here for directions

Lodging

Lodging arrangements can be made at Embassy Suites at a discounted group rate until February 26, 2018, by going to the Personalized Group Webpage.

Cancellation Policy

The MBA reserves the right to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the MBA in writing prior to the event. Send cancellation notices to maryh@minnbankers.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full program fee will be charged for withdrawing after the event has taken place or a no-show.

Non-Members

Qualified non-members are encouraged to apply. Please call our office for further information.

Special Needs

If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding any special needs at least two weeks prior to the program. We will contact you to discuss accommodations.
When:
3/20/2018 9:00 AM - 3/21/2018 3:30 PM
Where:
Embassy Suites Hotel
2800 American Blvd. West
Bloomington, MN 55431

Please note that you must be logged in to register online