This call report preparation seminar will help preparers and reviewers understand the preparation process and eliminate errors. The seminar will begin with an overview of proposed and approved 2019 and 2018 revisions and other recent changes, followed by a review of several new accounting standard updates.
The classification priority for coding loans on RC-C also will be covered. Loans are normally a bank’s largest asset category, and the reporting rules for RC-C are critical because they affect all loan schedules in the call report. Loans are reported based on borrower, purpose or collateral, but there are specific rules that dictate when to use each of the classification factors.
The seminar will end with a discussion of commonly cited errors made in call report preparation.
Schedules included in the presentation are the FFIEC 041 and 051 forms.
2019-2020 Approved & Proposed Revisions
June 2018 Revisions
- increase in small bank asset size eligibility for filing on the FFIEC 051 form from $1 billion to $5 billion — effective 9/30/19
- semiannual reporting for several more line items on the FFIEC 051 form, primarily RCR Pt II lines 1-25, risk weighting of on and off balance sheet assets — effective 9/30/19
- Banks with assets more than $1 billion that file on the FFIEC 051 form will still have to provide information on consumer deposit accounts and the related service charges, disaggregated data on the allowance for credit losses and uninsured deposits in certain quarters — effective 9/30/19
- option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy, for banks that meet certain criteria
- update to brokered deposit definition to exclude certain reciprocal deposits — effective 9/30/19
March 2018 Revisions
- new information on the HVCRE definition, as well as reporting of reciprocal deposits
Simplifications to the Capital Rules
- maintaining phase in percentage deduction and risk weighting on certain RCR items until April 1, 2020
- approved changes to the capital deductions and risk weighting of mortgage servicing assets, deferred tax assets arising from timing differences not realized through carryback, investments in the capital of unconsolidated financial institutions and minority interests — effective 4/1/20
- proposed approved and changes to the 2020 and 2019 call reports, as well as other recent revisions
- recent accounting guidance (equities, leases, other real estate)
- in-depth discussion of loan classification reporting rules
- common errors made in call report preparation
Annual training in call report preparation is highly recommended by bank regulators — for both preparers of the call report and for reviewers. A reviewer needs to understand the reporting requirements and should spend at least three to four hours performing a detailed check of the completed call report schedules and supporting documentation. New and experienced preparers and reviewers should be trained.
Participants will receive a manual that includes materials covered during the seminar, as well as additional information on other call report schedules.
About the Instructor
Cynthia Dopjera, a certified public accountant, has 38 years of experience focused on accounting and regulatory reporting for financial institutions. During the first 18 years of her career, Dopjera held various positions with responsibility across all operational areas, including accounting, internal audit, Call Report preparation and review, while working for community and regional banks. In 2000, Dopjera joined the public accounting firm of Harper & Pearson Company, P.C., where she served as practice leader for the firm’s financial institutions practice covering community and regional institutions. The firm’s services included financial statement audit, accounting, tax preparation and filing, internal control audit, Call Report audit, loan and asset quality review, and design and implementation of internal controls over financial reporting frameworks for institutions regulated under FDIC Improvement Act and Sarbanes-Oxley. Dopjera retired from Harper & Pearson Company in 2018 and currently provides accounting, consulting and training services to financial institutions.
Who Should Attend
Call report preparation requires knowledge of bank accounting, bank regulations and virtually all bank operations. Banks should train a preparer and reviewer. Anyone responsible for preparing, auditing or signing the call report will find the program valuable. The seminar is designed for more experienced preparers and reviewers interested in newer reporting requirements. Annual training is highly recommended by bank regulators.
For More Information
Contact the MBA Education Department at 573-636-8151 or email.