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Progress implementing CECL is mixed as the Q1 2023 compliance date nears for smaller SEC-reporting banks and private or not-for-profit institutions.

Here are major findings related to banks, based on Abrigo’s survey of executives, credit and allowance leaders, and other finance staff.

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Aggressive lending goals, greater customer expectations, and changing markets. Having the right lending and credit staff is critical for financial institutions this year and beyond.

Abrigo recently surveyed about 170 lending and credit risk professionals about staffing in their financial institutions. Download this infographic to learn the major findings.

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Guide: Best practices for purchasing bank or credit union software

Whitepaper: 5 Big banking issues for 2022 and what they mean for financial institutions

 

Whether you are putting together a return on investment (ROI) calculation to support your purchase of software or looking for ways to streamline your construction loan administration process, it can be helpful to understand the benefits of automation in construction loan monitoring.

Download this infographic to learn about the 10 key ways construction loan management software can save you valuable time.

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In the current environment, core deposit analysis is crucial for helping banks and credit unions remain competitive and profitable. Updated core deposit analytics provide the data for critical assumptions used in asset/liability models (ALM), and impact the overall risk management strategies at a financial institution. In this infographic, learn 6 key reasons to update an institution’s core deposit analysis.

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This resource is part of the series ALM 101: Introduction to Asset/Liability Management.

A key component of effective asset/liability management (ALM) is managing risks. For many financial institutions, an income simulation model is a fundamental method for measuring short-term interest rate risk exposure. This infographic lays out the five steps to building an effective income simulation to help manage inherent risk to a financial institution’s earnings.

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This resource is part of the series ALM 101: Introduction to Asset/Liability Management.

Small business lending can generate crucial growth for a bank or credit union. For a properly functioning, safe, and growing small business loan portfolio, follow these best practices described by John Barrickman, Principal of New Horizons Financial Group, during a small business lending webinar hosted by Abrigo.

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Adopting the current expected credit loss standard (CECL) will require a well-planned strategy and ample time dedicated to the operational and technical transition. For acquisitive financial institutions, the required efforts might be elevated, as CECL will change how public and private financial institutions account for these acquired assets. This infographic describes the four critical changes related to purchased assets under CECL, as well as a common misconception.

 

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Asset/liability management is a crucial process designed to maximize an institution’s profitability while managing risk. The broad goal of ALM is to help produce sustainable earnings without compromising other interests of the institution. This infographic breaks down the goal of ALM into three key objectives.

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This resource is part of the series ALM 101: Introduction to Asset/Liability Management.

Adopting the current expected credit loss standard (CECL) has been a low priority for some financial institutions. However, the 2023 deadline for implementation is right around the corner. This infographic provides an overview of the vital steps financial institutions need to take for a successful CECL transition.

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Swimming in BSA/AML alerts? Facing an increase in alerts due to seasonality in your market? If your financial institution has a backlog of alerts created by your AML software for transaction monitoring, it can take time and more personnel to work through them. Should you hire? There are many costs of hiring for an AML compliance program to keep in mind as you make this decision. This infographic outlines some key considerations using basic assumptions as you evaluate your AML resources.

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Discover how our advisory services team can provide the support you need. Contact the Abrigo Team to find out how our CAMS-certified investigators can provide immediate staffing assistance and alert management. Speak with an Expert.

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

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Looking for MainStreet Technologies? You are in the Right Place!

MainStreet Technologies is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the contact us button here, or the link in the top navigation, to reach product support for your MST products.

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Looking for Sageworks? You are in the Right Place!

Sageworks is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Sageworks products.

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Looking for Farin? You are in the Right Place!

Farin is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Farin client portal.

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Abrigo acquires construction loan management solutions

Coupled with our lending suite, Construct and +Pay from BankLabs enable end-to-end automated residential/commercial construction loans.

Read the press announcement

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