First & Farmers CECL Case Study
Learn how your peers are preparing for the 2023 deadline.
First & Farmers CECL Success Story
Found Cost-Effective Expertise
When First & Farmers National Bank began searching for a CECL solution, the top priorities for a good fit were cost and integration support. They needed a vendor that knew the business of building models and could be available to answer their questions.
A Partner for Your Bank
CECL Software Endorsed by the ABA
"Auditors like the application"
The CECL transition process can be a challenge if your credit and finance staff have other, competing priorities. Abrigo's endorsed CECL software is trusted by over 1,000 financial institutions and has been tested through successful audits and examinations. Abrigo's in-house consulting team is also available for a variety of services from CECL transition guidance to outsourced calculations.
It was clear to us that loss modeling is what Abrigo is in business to do. Knowing that Abrigo understands the business and has a team of industry experts made it an easy fit.
— Andrew Cooper, VP and Chief Credit Officer | First & Farmers National Bank
Additional Resources
Video: A Look at Credit Risk in a Rising-Rate Environment
Learn how bankers can navigate loan renewals and regulatory changes in the face of a changing market and differentiate themselves in the process.
Whitepaper: FASB TDRs and Disclosures Update
In the latest response from FASB, the board recently issued updated accounting guidance that eliminates the troubled debt restructuring (TDR) designation for CECL.
