Read this article: CECL Results
With all the ado being made about the CECL implementation – the two most important questions remain: How will it actually affect my existing allowance; and How can I use…
Read this article: A Valuation Firm Reads CECL
As we all well know, our beliefs about the world are shaped by our experiences. Like many of you, we have read numerous white papers on CECL and participated in…
Read this article: Revenue Recognition – Mortgage Banking
For quite a while, it seemed that every change to GAAP was primarily directed at the financial institutions industry. While we in the industry have not been the recipients of…
Read this article: Wilary Winn Firsts
We are about to enter our 15th year of business and I wanted to take the opportunity to thank our clients and our talented team. In many ways, it seems…
Read this article: CECL and Credit Union Merger Resources Update
See our new whitepaper on Data Collection for CECL. Please also see our recently updated white papers on: Implementing the Current Expected Credit Loss (CECL) Model – includes an updated…
Read this article: Don’t Settle for an Inadequate ALM Solution
Asset and liability management (ALM) is the practice of managing the risks arising from mismatches between assets and liabilities on a financial institution’s balance sheet, while earning a return commensurate…
Read this article: Updated TDR Guidance for Credit Unions
On September 30, 2014, the NCUA released Accounting Bulletin No. 14-1 regarding the revised reporting standards for modified loans classified as Troubled Debt Restructurings (TDRs). The bulletin was released in…
Read this article: Predicting Credit Losses
Discounted cash flow analysis is a common valuation technique and Wilary Winn uses this approach for nearly all of our services. To project lifetime cash flows for a loan, we…
Read this article: Why Traditional ALM Practices Failed in the Past and Why They Will Fail Again in the Future
By narrowly defining asset and liability management (“ALM”) as the process of monitoring, managing and anticipating the interest rate and liquidity risks that arise under various interest rate scenarios on…
Read this article: PCC’s Goodwill Accounting Alternative
Update to original November 6, 2013 Post: As expected, on November 25, 2013, FASB endorsed the PCC’s recommended accounting alternatives for goodwill and “vanilla” interest-rates swaps. The final ASUs have…