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Portfolio Risk & CECL

National Bank of Middlebury | Eliminating Excel in the Allowance

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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.”

We’ve counted on Abrigo’s (formerly MST) expertise and focus, and that continues to hold true. As we’ve needed to make changes, updates, their support has been very good; they’ve been very responsive.
SARAH COWAN, NATIONAL BANK OF MIDDLEBURY

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. 

The Result: An Allowance Solution for Now and the Future

A relationship that started in 2015 with moving the incurred loss model of the National Bank of Middlebury from Excel to the MST Loan Loss Analyzer has grown into utilizing the MST Loan Loss Analyzer for CECL.

The knowledge level of the vendor about the ALLL was a final deciding factor. What became evident to us was that the MST Loan Loss Analyzer was developed and supported by people who thoroughly understand the allowance.
SARAH COWAN, NATIONAL BANK OF MIDDLEBURY

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