2016 Call Report Preparation
Review each schedule of the quarterly call report with emphasis on the extensive 2015-2016 revisions, accounting changes and regulatory guidance.
Newport Beach Marriott Hotel & Spa
California Bankers Association’s Sacramento Office (satellite location)
In January, 2016 the Agencies clarified that proposed revisions to the December, 2015 Call Report would not be implemented prior to the September 30, 2016 Report. The proposed changes include deletion of items on RI related to Other Than Temporary Impairment and items on schedules RC-C and RC-N related to certain restructured loans. New thresholds are proposed for reporting on RI-E, RC-F, and RC-G along with additional preprinted captions. In addition, they are proposing to increase the deposit size threshold from $100,000 to $250,000 on RI, RC-E, and RC-K.
The Agencies are considering a less burdensome version of the Call Report for institutions that meet certain criteria. They are also visiting with a limited number of banks during the third quarter and looking at how the banks prepare their call report and where a significant amount of time and/or manual processes are required.
The Call Report is constantly changing, producing confusion and many questions. The seminar will provide basic training for new preparers and complete coverage of new and complex issues for experienced preparers. The Call Report seminar presentation will be in the order of the schedules, starting with the Income Statement schedules followed by all Balance Sheet schedules. New, proposed, and revised changes will be discussed with the schedules they will impact and a summary of all recent updates will be included at the end of the manual.
Participants will receive a 200+ page manual and Ms. Thomas will be available to answer future Call Report questions by email. Annual training is highly recommended by regulators. Participants may want to bring their bank’s most recent Call Report for resolution of questions during the session. The FFIEC 041 forms will be used in the presentation and materials.
- 2016 Call Report changes
- 2015 Call Report revisions
- Procedures, general instructions, amendments
- Income Statement Schedules
- Balance Sheet Schedules
- Identify the changes to the call report requirements for 2016
- Prepare required quarterly regulatory report
- Identify the common errors and pitfalls to avoid
- Determine the RCC coding classification requirement … whether to consider borrower, purpose or collateral when coding a loan
- Correctly report all loan information, income, charge-offs and recoveries, averages, past dues and nonaccruals
- Correctly report on balance sheet and off balance sheet items for risk weighting on RCR
- Correctly report assets used for the FDIC assessment calculation
- Determine the correct classification of all noninterest income and noninterest expense accounts
- Determine what to include and exclude from deposit totals
- Determine what to include in the reporting of unfunded commitments
- Learn how Basel III risk based capital changes will impact your bank
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. New and experienced preparers and reviewers should be trained. The seminar will provide basic training for new preparers, though some basic accounting knowledge is helpful, and complete coverage of new and complex issues for experienced preparers. Annual training is highly recommended by bank regulators.
Call Report Preparers
Call report preparation requires knowledge of call report instructions, bank accounting, bank regulation and virtually all bank operations.
Loan Accounting Staff
The number, importance and difficulty of the lending schedules make training of the loan accounting staff critical.
Call Report Reviewers and Auditors
A detailed review of the call report prior to transmission is essential to insure accuracy and completeness.
What to Bring
Please bring a copy of your general ledger and your latest call report. Bankers find it useful to review classifications during the class as the line items are discussed.
The session will begin at 8:30 a.m. each day, with breakfast and registration beginning at 7:30 a.m. and lunch at noon. The session ends at 4:00 p.m. the first day and 3:00 p.m. the second day. The following topics will be covered over the two days:
General Instructions, Amendments, Procedures
Income Statement Schedules
- Report of Income: RI
- Charge Off & Recoveries on Loans: RI-B
- Disaggregated Data on Allowance for Loan Losses: RI-C
- Changes in Bank Equity Capital: RI-A
- Explanations: RI-E
Balance Sheet Schedules
- Report of Condition: RC
- Cash and Due from Banks: RC-A
- Securities: RC-B
- Loans: RC-C
- Loans to Small business & Small Farms: RC-C Part II
- Deposits: RC-E
- Other Assets and Other Liabilities: RC-F & RC-G
- Quarter to Date Average Balances: RC-K
- Unused Commitments: RC-L
- Memoranda: RC-M
- Past Due & Nonaccrual Assets: RC-N
- Other Data for Deposit Insurance Assessments: RC-O
- Mortgage Banking Activities: RC-P
- Assets and liabilities Measured at Fair Value: RC-Q
- Risk Based Capital: RC-R
- Servicing, Securitization, Sale Activities: RC-S
- Trust Department Reporting: RC-T
The FFIEC 041 forms will be used in the presentation and materials.
Ann Thomas has more than 30 years of experience in bank accounting and control. She received her bachelor’s degree in accounting from the University of Houston in 1982. From 1982 through 1997 she worked with Judith Alexander Jenkins, providing planning, financial reporting, regulatory reporting, and operational and compliance auditing services to over ninety independent banks. In 1998, she organized Thomas Consulting, where she performs regulatory compliance audits and training, internal control audits, and prepares and reviews Call Reports for numerous banks. Thomas has taught call report seminars for state banking associations since 1999. She has previously presented the Call Report Seminar and has responded to questions from thousands of bankers across the country. Her experience in working with a broad range of independent banks is of unique value in understanding Call Report questions and in communicating with bankers in their own language.
Early-Bird Registration through Friday, January 8, 2016
CBA Member: $795
Affiliate Member: $1,045
Affiliate Non-Member: Please Contact CBA
CBA Member: $995
Affiliate Member: $1,245
Affiliate Non-Member: Please Contact CBA
Substitutions are allowed, at no additional cost. Written notice is required for all cancellations. The full registration fee will be refunded if the written request is received by Friday January 15, 2016, and 50 percent if by Friday January 22. No refunds will be granted after January 22. Registrations made on or after January 22 are not subject to refund.
If you are not fully satisfied with this program, please contact Corbett Cutts, VP, director of education at (916) 438-4428.
Monday & Tuesday, February 8-9, 2016
Newport Beach Marriott Hotel & Spa
900 Newport Center Drive
Newport Beach, CA 92660
Satellite Location (Connecting Via Video Livestream)
*LIMITED SEATS AVAILABLE*
California Bankers Association
1303 J Street, Fl 6
Sacramento, CA 95814
Frequently Asked Questions
Q. Is there group pricing available?
A. Yes*. If you register three or more people from your bank you will receive a $50 discount on every registration, and for six or more a $100 discount on each (in addition to the early bird discount of $100, if your registrations are received prior to the cut-off date.)
*Please use the PDF registration form for these discounts.
Q. What can I expect if I attend from the satellite location in Sacramento?
A. For those bankers unable to travel to Newport Beach, CBA will simultaneously be streaming this program from its offices in Sacramento. Connecting via video livestream, participants will have the opportunity to see Ms. Thomas and her presentation in real time, ask questions throughout the program, and hear the questions posed by those attending in Newport Beach. There is no additional charge for attending from the satellite location beyond the registration fee. Please note: only 15 seats are available.
Program Level: All Levels
Advance Preparation: None
Method of Presentation: Group – Live (lecture, discussion and table exercises)
Recommended CPE Credits: 12.0 Hours Maximum
(Estimated 8.0 Accounting, 2.0 Auditing and 2.0 Specialized Knowledge and Applications)
Sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. Please note that not all state boards have adopted this rule. Some participants may not be able to use one-half credit increments.
If you are interested or would like more information, please contact:
Event Sponsor and Exhibitor Development Coordinator
A few reasons your organization should sponsor:
- Maximize your company’s brand awareness and increase your market position
- Gain direct access to CBA member banks and institutions in an exclusive environment
- Raise your profile above your competitors
- Learn about the issues confronting today’s financial service leaders and gain valuable insight into potential solutions
- Match your exposure needs, regardless of your budget
- Shape or reinforce a positive perception of your company with California’s bank executives
- Support the California Bankers Association, the largest non-profit banking organization serving the California financial services industry