National Bank of Middlebury | Eliminating Excel in the Allowance
The Challenge: Moving from Excel for the allowance calculation and now preparing for CECL
When we first talked with Sarah Cowan in 2015, she was considering taking on a software tool to better manage the bank’s quarterly allowance calculations. She and the bank’s loan operations manager had been navigating the ALLL process by “downloading data from our core and integrating it into a whole bunch of Excel spreadsheets.”
Fast-forward four years, now Cowan is using the LLA to compare our incurred loss calculations to prospective CECL calculations. “We will be using the Loan Loss Analyzer’s Shadow Loss Analysis module to run various prospective methodologies parallel with our incurred loss estimates.”
The Solution: MST Loan Loss Analyzer
CECL is complicating allowance matters for financial institutions. Sarah Cowan and the National Bank of Middlebury will count on the MST Loan Loss Analyzer to help keep things as uncomplicated as possible, as stable and steady as their nearly two-century old institution and the community they serve.