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Call Report Preparation

Call Report Preparation

Program Overview

This webinar, which will be presented over the course of three sessions, will provide basic training for new preparers and include extensive coverage of new and complex issues for experienced preparers. New, proposed, and revised changes will be presented in summary form at the beginning of the webinar with detailed discussion over the course of the three days as we work through the schedules impacted by the changes applicable in current reporting as well as proposed reporting in the future. Annual training is highly recommended by bank regulators.

Participants will receive handout materials that will be referred to throughout the seminar in support of the agenda items. The FFIEC 041 and 051 forms will be used in the presentation and materials. In addition, some of the schedules will be covered in pre-recorded audio that will be available to al participants in order to allow for a deeper dive into some of the schedules that are applicable only to banks with certain activities. Refer to the schedule below for information about which schedules will be covered with pre-recorded audio.

This webinar will be held via Zoom. Attend virtually from the comfort of your home or office! You will receive the webinar link the day prior to the webinar. Please note: Each link is uniquely coded and may only be used by the individual registered for the course. We ask that you do not share the link and reserve the right to remove unregistered attendees.

Make your attendance count towards your continuing professional education credits! The MBA will provide a certificate of attendance that you may submit to the appropriate advisory board to determine if this program qualifies for credits.

Who Should Attend

Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Annual training is highly recommended by bank regulators. Banks should train a preparer and reviewer. Anyone responsible for preparing, auditing, or signing a Call Report will find the program valuable. Experienced preparers and reviewers will benefit from the updates and the continued discussion on accounting and financial reporting matters.  This seminar series will provide basic training for new preparers, though some basic accounting knowledge is helpful, and complete coverage of new and complex issues for experienced preparers. 

Program Topics

Discussion will include general preparation instructions, background on regulatory matters that impact the Call Report, regulatory rules to include the CARES Act and regulatory interim and final rules, and general information about reporting requirements under U.S. GAAP.

Also, 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 2016-13
  • Credit Loss Accounting (CECL) under ASU 2016-13
  • Revenue Recognition (to include recording gains on sales of OREO) under ASU Topics #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 the 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 1 and 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

Call Report schedules to be covered:

RI, Report of Income
RI-A, Changes in Equity Capital
RI-B, Charge-Off’s and Recoveries
RI-C, Allowance for Loan Losses
RI-E, Explanations
RC, Report of Condition
RC-A, Cash and Due from Banks (covered in pre-recorded audio)
RC-B, Securities
RC-C, Loan
RC-E, Deposits
RC-F, Other Assets
RC-G, Other Liabilities
RC-K, Average Balances
RC-L, Unused Commitments and Off Balance Sheet Items
RC-M, Memoranda
RC-N, Past Due and Nonaccruals
RC-O, Insurance Assessments
RC-P, Mortgage Banking Activities (covered in pre-recorded audio)
RC-Q, Assets and Liabilities Measured at Fair Value (covered in pre-recorded audio)
RC-R Part 1, Capital Ratios and the CBLR
RC-R, Part 2, Risk Weighting Assets
RC-S, Servicing, Securitization, Sales
RC-T, Trust Activities (covered in pre-recorded audio)
SU, Report 051 items covered with discussion of Form 041 corresponding items

Presenter

Cynthia A. Dopjera, CPA, has 38 years of experience focused on accounting and regulatory reporting for financial institutions. In 2000 Ms. Dopjera joined the public accounting form of Harper & Pearson Company 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. Ms. Dopjera retired in 2018 from Harper & Pearson Company and currently provides accounting, consulting, and training services to financial institutions.

Registration Fee

Member: $500

Qualified non-member:
$999

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

Dates & Times

February 4, 5 & 8, 2021
Program:  9:00 AM - 12:00 PM each day

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 to maryh@minnbankers.com at least two weeks prior to the program. We will contact you to discuss accommodations.

Photo Release

By registering, you hereby grant the MBA permission to use your likeness in a photograph, video, or other digital media in any and all of its publications or promotional materials, without payment or other consideration.

When
2/4/2021 9:00 AM - 2/8/2021 12:00 PM
Where
At Your Desk Zoom Webinar
Online registration not available.
Max RegistrantsTotal RegistrantsStatusEvent CodeTitle
059A211_9057Call Report Preparation

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