Top 5 Considerations for Future CECL Adopters During the third quarter, DHG hosted a CECL Roundtable, which included executives from community banks in Virginia, Maryland and Pennsylvania, in order to discuss concerns and questions about the transition to the CECL model. The following ideas were shared during the virtual roundtable as the to...
Model Behavior: The Benefits of Credit Stress Analysis In today’s economic environment, financial institutions are concerned about potential losses in their loan portfolios. To help customers during the pandemic, many community financial institutions modified loan agreements to include a deferral of payments. These lenders might wonder: what will hap...
CECL and COVID-19: Q1 Reflections and Insights As the dust has settled and most large U.S. Securities and Exchange Commission (SEC) financial institutions have reported Q1 results via their Form 10-Q reports, the first disclosures and financial information regarding implementation of the current expected credit losses (CECL) accounting standa...