With problem loans increasing, profits sagging, and new capital hard to find, getting the Allowance for Loan and Lease Losses right is more important than ever. You can expect that the regulators will take a hard look at your ALLL process in this credit environment. With the rise in bank failures, you can be sure your shareholders are expecting the board and management to be adequately identifying and reserving for increasing credit risk.
Highlights:
Background
The ALLL: “Let’s Make it Plain”
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SFAS 114
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Identifying loans
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Measuring impairment
“Pulling it ALLL Together”
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Documentation
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Historical loss data
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Peer data
“Garbage in – Garbage out”: Why a strong loan review process is important to your ALLL
Frequently asked ALLL questions
Speaker:
Ancin Cooley, CIA, CISA, Senior Bank Consultant for Lindgren, Callihan, Van Osdol & Co., Ltd. is primarily focused within the financial institution industry providing services such as loan reviews, information technology audits, internal audits, directors’ exams, and regulatory compliance reviews. Cooley previously worked for the Office of the Comptroller of the Currency (OCC) as an Examiner, before joining LCV in 2008. During his tenure at the OCC, he performed safety and soundness examinations at community banks that ranged from $100 million to $1 billion dollars in total assets. Cooley is a graduate of Morehouse College with a B.S. in Finance. He holds both the Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA) designations. He is currently pursuing his CPA designation. Cooley is a member of the Institute of Internal Auditors.
