Call Report Boot Camp for Banks

Call Report Boot Camp for Banks

March 18 - 19, 2019 | Orlando, FL

Call Report Boot Camp for Banks


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Program Description

The Call Report is constantly changing, producing confusion and many questions. The seminar will provide basic training for new preparers and complete coverage of new and complex issues for experienced preparers. The Call Report seminar presentation will be in the order of the schedules, starting with the Income Statement schedules followed by all Balance Sheet schedules. New, proposed, and revised changes will be discussed with the schedules they will impact and a summary of all recent updates will be included at the end of the manual.

Participants will receive a 300+ page manual and Ms. Thomas will be available to answer future Call Report questions by email. Annual training is highly recommended by regulators. Participants may want to bring their bank’s most recent Call Report for resolution of questions during the session. The FFIEC 041 & 051 forms will be used in the presentation and materials.

The regulators are continuing on their burden reducing approach and announced more reductions in November, 2018 to the FFIEC 051 forms. The regulators are proposing to increase the small bank eligibility size for filing on the FFIEC 051 form from $1 billion in assets size to $5 billion and to make more line items required only semi-annually. The most significant change to semi-annual reporting will be RCR Pt II lines 1-25, the detail reporting of both on and off balance sheet risk weighting. Total risk weighted assets however, will still be required to be reported. Banks with assets of more than $1 billion will be required to report the consumer deposit detail information on balances and service charges in December only; schedule RIC semi-annually; RCO M2 on a quarterly basis. In a second proposal the regulators are considering regulatory burden relief to qualifying community banking organizations by allowing an option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy.

In September, 2018 the regulators issued proposed revisions to the 2019 Call Report to align the information in the call report with the new credit loss accounting standard. The changes include updates to twelve schedules to address the broader scope of financial assets for which an allowance for credit losses must be established and maintained. Under a CECL proposed notice of rulemaking, a bank may elect to phase in the regulatory capital impact of adopting CECL over a three year period.

In June, 2018 the regulators further burden reducing changes were implemented for both FFIEC 051 and 041 filers. The changes include consolidation and/or removal of several more line items and reductions in the frequency of reporting for about a dozen line items. The 051 form was originally approved in 2017 and may be used by domestic banks with less than $1 billion in assets. The 051 short form has approximately 25 fewer pages and eliminated 40% of the 041 line items as well as reducing the frequency of data collection in some of the schedules.

Additional changes to the June, 2018 Call Report were included in the supplement instructions. The regulators issued an update to the reporting of high volatility commercial real estate (HVCRE) exposures as well as reciprocal deposits.

Simplifications to the risk based capital rules were approved and effective for 2018. The rules simplify the threshold deduction treatment for mortgage servicing assets, deferred taxes arising from temporary differences that can’t be realized through carrybacks, and investments in the capital of unconsolidated financial institutions.


What to Bring

Please bring a copy of your general ledger and your latest call report. Bankers find it useful to review classifications during the class as the line items are discussed.


Agenda*

Monday, March 18, 2019

7:00 AM – 8:00 AM
Registration and Buffet Breakfast

8:00 AM - 4:00 PM
Class

12:30 PM – 1:30 PM
Lunch

General Instructions

Amendments

Procedures

Income Statement Schedules
  • RI, Report of Income
  • RI-A, Changes in Equity Capital
  • RI-B, Charge-Off’s and Recoveries
  • RI-C, Disaggregate Allowance for Loan Losses
  • RI-E, Explanations

Balance Sheet Schedules
  • RC, Report of Condition
  • RC-A, Cash and Due from Banks
  • RC-B, Securities
  • RC-C, Loan
  • RC-E, Deposits

Tuesday, March 19, 2019

7:00 AM – 8:00 AM
Buffet Breakfast

8:00 AM - 4:00 PM
Class

12:30 PM – 1:30 PM
Lunch

Balance Sheet Schedules (continued)
  • RC, Report of Condition
  • RC-A, Cash and Due From Banks
  • RC-B, Securitites
  • RC-C, Loan
  • RC-E, Deposits
  • RC-F, Other Assets
  • RC-G, Other Liabilities
  • RC-K, Average Balances
  • RC-L, Unused Commitments & Off-Balance Sheet Items
  • RC-M, Memoranda
  • RC-N, Past Due & Nonaccruals
  • RC-O, Insurance Assessments
  • RC-P, Mortgage Banking Activities
  • RC-Q, Assets and Liabilities Measured at Fair Value
  • RC-R, Risk Based Capital, including approved & proposed changes
  • RC-S, Servicing, Securitization, Sales
  • RC-T, Trust Department

*Schedule is subject to change



Presenter

Ann Thomas
Thomas Consulting, LLC

Ann Thomas owns and operates Thomas Consulting, LLC, where she performs regulatory compliance audits and training, internal control audits, and prepares and reviews Call Reports for numerous banks. Ann has over 30 years of experience in bank accounting and control, including her work with Judith Alexander Jenkins for 15 years, providing planning, financial reporting, regulatory reporting, and operational and compliance auditing services to over ninety independent banks. Her experience in working with a broad range of independent banks is of unique value in understanding Call Report questions and in communicating with bankers in their own language. She received a BA in Accounting from the University of Houston.


Location and Accommodations

Rosen Shingle Creek
9939 Universal Blvd.
Orlando, FL 328194


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Credit Hours

Earn up to 15 hours of CPE credit.
  • Level: Basic to Intermediate
  • Prerequisites: None
  • Advance preparation: None
  • Field of Study: Accounting
  • Instructional Method: Live-Group

For more information regarding administrative policies such as concerns or refunds, call 800-ASK-4FMS (800-275-4367). FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org


Refunds and Cancellations

A refund minus a $250 processing fee will be provided for cancellations received by FMS in writing four weeks prior to the program start date. No refunds will be given for cancellations received after that date. A substitution from your institution is welcome at any time. FMS reserves the right to change instructors or reschedule/cancel sessions when necessary. FMS is not responsible for airfare penalties incurred due to the cancellation of the program. For more information regarding refunds, concerns, and/or program cancellation policies, please contact our offices at (312) 578-1300.


Registration Fee

Members and Non-members sign in or create an account below to register

FMS Members:                              $1,195
Staff/Co-Worker of Member:        $1,395
Non-members:                              $1,795

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When
3/18/2019 7:00 AM - 3/19/2019 2:00 PM
Where
Orlando, FL United States

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