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Portfolio Risk & CECL Purchase Accounting

FASB’s purchased financial assets update: What’s changing and what it means for your institution

Wednesday, December 3, 2025
1:00 PM ET / 12:00 PM CT

Join Abrigo’s experts as we break down the FASB’s new ASU on Purchased Financial Assets (PFA). We’ll unpack the intent behind the changes and examine what it means for your institution’s past, current, and future acquisitions. Whether you’re already applying the standard or preparing for upcoming transactions, this session will provide practical insights to help you navigate adoption with confidence.

In this session, we’ll discuss how the new guidance under ASU 2025-08 redefines the treatment of purchased assets under CECL, expanding the scope of Purchased Financial Assets (PFA) to include both Purchased Credit Deteriorated (PCD) and Purchased Seasoned Loans (PSL) assets. We’ll explore the implications for acquisition accounting, financial reporting, and system configurations so your institution can transition smoothly and remain compliant.

You will learn:

  • The rationale and major changes introduced in the PFA update

  • How the new definitions differ from legacy PCD accounting

  • Considerations for CECL modeling, disclosures, and system updates

  • Practical tips for managing the transition and maintaining compliance

Meet Your Presenters

Derek Hipp, CPA

Director, Advisory Services
Abrigo
Derek has over 12 years of experience in public accounting and consulting, specializing in financial institutions. He is a co-founder of the ValuCast™ suite of software solutions and is a leader on Abrigo’s, formerly Valuant, consulting and product delivery services. Derek specializes in Day 1 valuation and due diligence services,

Full Bio

Neekis Hammond, CPA

Vice President, Portfolio Risk Sales and Services
Abrigo
Neekis Hammond has amassed a wealth of knowledge on ALLL, CECL preparation and methodologies, and various portfolio analysis and risk topics. Prior to his consulting work, he worked on acquisitions up to $2 billion in size at a multi-billion-dollar financial institution.

Full Bio