Call Report: An Update

Tuesday, Feb. 18 - Columbia

4 Ways to Register 

Online Registration
Online
  Phone
Phone 573-636-8151
  Fax Registration
Fax 573-634-2754
  Mail Registrations
Mail to:
MBA 
PO Box 57
Jefferson City, MO
65102
Print seminar brochure.

Seminar Overview

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
  • 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
June 2018 Revisions
  • new information on the HVCRE definition, as well as reporting of reciprocal deposits
March 2018 Revisions
  • maintaining phase in percentage deduction and risk weighting on certain RCR items until April 1, 2020
Simplifications to the Capital Rules
  • 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

Seminar Topics

  • 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.

Date and Location

Tuesday, Feb. 18
Courtyard by Marriott
3301 Lemone Industrial Blvd.
Columbia
573-443-8000

A block of rooms is reserved for this meeting until Jan. 25, 2020. To make room reservations, call the Courtyard by Marriott directly at 573-443-8000. Be sure to state you are attending the Missouri Bankers Association’s Call Report Seminar.

Schedule

8:30 a.m. Registration 
9 a.m.  Seminar Begins 
12:15 p.m. Lunch 
1 p.m.  Seminar Resumes 
3:30 p.m.  Adjournment

Materials To Bring

Please bring a copy of your general ledger and your latest call report. Bankers f nd it useful to review classifications during the class as the line items are discussed.

Registration Fees

  • MBA Members - $290
  • Nonmember Fee - $1160

The cost of meals included in the registration fee for this meeting is $22. This information is provided for your bank’s tax records, in keeping with the IRS 50% deductible provisions under Section 274(n) of the Internal Revenue Code.

Cancellation/Refunds

Full refunds will be granted for cancellations received by MBA at least 10 days before the seminar date. After that date, an administrative fee of $10 per canceled registration will be retained. Cancellations will not be accepted four days before the seminar. Substitutions are always permitted.

Disabilities and Dietary Restrictions

If you have any disabilities or dietary restrictions that require special assistance, contact Cindy Foltz at MBA at 573-636-8151 and explain how we may best accommodate your needs.