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Workshops Offer New Approaches to ALLL

December 7, 2015
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The Risk Management Association (RMA) and MST are collaborating on a series of workshops designed to help bankers get and stay ahead of the ALLL curve. Recently completed workshops in Charlotte on the East Coast and San Francisco in the West have won high marks from attending bankers for their content and the opportunities they present for sharing challenges and exchanging practice improvement ideas. Here are some comments from attendees.

“Presenters were very knowledgeable and accessible, and it was helpful to have the opportunity to be with others who do the same job I do,” noted Erin Shinn of First Bank, a $5.9 billion bank headquartered in St. Louis.

“Every session was valuable, from the presentation on stress testing to Economist Tom Cunningham’s insights on forward-looking data we’ll need to estimate our allowance under CECL. Chris Emery’s discussion of the rules around segmenting loans into pools was particularly helpful,” said Mark Mullins, director of data strategy and risk analysis for United Community Bank in Greenville, South Carolina.

“I came to learn what we needed to do to get ready for CECL and also for some due diligence on an automated solution,” offered Mike Church of Newbridge Bank, headquartered in Greensboro, North Carolina. “It was great having both RMA and MST there. It was especially valuable to have someone from MST who has done a lot of integration work with banks across the country and can relate how various banks handle the work. The breakout sessions allowed us to get more granular, to talk about why we do certain things and learn how other banks do them.”

With the recent announcement that banks will soon begin estimating their ALLL according to the new CECL accounting standard, RMA and MST are at work planning sessions for 2016 to help bankers responsible for their institutions’ allowances meet the challenges of the new standard. To view the entire blog on the RMA site with details, click here.

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