CECLAdvisorPRO® Solutions Is Your Institution Prepared for 2023?

June 20, 2022 - 1 min read

CECL is expected to greatly impact both financial and non-financial institutions, including the technological, operational, and reporting mechanisms necessary to support full implementation. Our CECL AdvisorPRO® team can guide your institution through this process by assisting with data collection, loan pool segmentation, quarterly parallel runs up to implementation, and more. And, if you already have…

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CECL Changes

August 28, 2020 - 2 min read

On May 19, 2020, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation announced a final rule that makes technical changes in the interim final rule (85 FR 29839) that the agencies announced on March 27, 2020. The interim final rule…

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Life of Loan Calculations Critical to CECL: Essential Concepts in CECL Preparation

June 25, 2019 - 4 min read

Financial institutions continue to prepare for the transition to accounting standard ASU 2016-13, commonly known as CECL.  The new accounting standard requires institutions to recognize the full life of loan expected credit loss at the time of origination. As implementation dates creep closer, most are busy gathering data, building models or selecting 3rd party partners, and…

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CECL Simplified – All of the Method. None of the Madness.

November 14, 2017 - 2 min read

ProBank Austin brought the expectation for full CECL compliance down to the community bank level in this complimentary one-hour webinar, CECL Simplified, presented by Managing Directors Vince Van Nevel and Jeff Morris. This webinar provided workable solutions for community banks on compliance issues that align with the complex new accounting requirements, and that fit the…

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CECL: One Year Later

June 13, 2017 - 1 min read

One year ago, on June 16, 2016, the Financial Accounting Standards Board issued ASU No. 2016-13 “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments”, which introduced the current expected credit loss methodology for establishing allowances for credit losses.  In the banking industry we have come to know this now by “CECL”. …

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