Qualitative Adjustment In Times of Crisis and Stress (Testing)
In this webinar, intended for public and private institutions that have not yet adopted the forward-looking CECL standard, we discuss our approach to establishing qualitative adjustments as the 6.30.2020 statement date approaches and the full impacts of the pandemic and energy crises are not yet specifically knowable. By constructing straightforward credit models using available internal and public data, we can perform an estimate to substantiate 6.30.2020 qualitative adjustments (and beyond). Additionally, those same models can be used to perform a top-down stress testing estimate under a variety of forecasting scenarios. Finally, those models can be used to inform estimates under the CECL standard so that an institution is prepared to adopt without significant additional effort.
Garver Moore brings a decade of enterprise software, analytic, and advisory experience to Abrigo’s advisory team. Prior to joining Abrigo, Garver was a Technical Consultant with Accenture, and he later worked with C-suite executives on technology strategy and delivery as a Managing Partner of the Orange Advisory Group. Today, as the Managing Director of the Advisory Services Group, Garver collaborates with internal product specialists on our market offerings and helps clients develop strategies to better navigate federal regulations and optimize their institutions for growth. Garver earned his bachelor’s degree in electrical and computer engineering from Duke University.
Neekis Hammond, CPA
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. Neekis has also served as an auditor with a regional CPA firm and as a provider of valuation, accounting, and loan analysis services within Elliott Davis Decosimo's FIG Consulting division. Today, as Abrigo’s Managing Director of Advisory Services, Neekis utilizes his unique expertise to provide thoughtful feedback to product development on compliance and accuracy, and he helps our community bank and credit union clients develop strategies that better navigate regulations without undue portfolio risk. Neekis earned his bachelor’s degree in accounting from Brigham Young University - Idaho.