Accounting for OREO & ALLL: Part 1 – OREO
Two hour tele-web seminar September 14, 2012

This two-part webinar series provides the knowledge to properly account for these transactions at acquisition and disposition and to maintain an an appropriate level of ALLL to meet regulatory guidelines.


This tele-web seminar will begin on Friday, September 14, 2012 at 11:30 AM to 1:30 PM Pacific Time.



This session provides the knowledge to properly account for these transactions at acquisition and disposition. This discussion will deal with the complex issue of gain recognition upon the sale of foreclosed assets. Learn specifics and receive practical recommendations related to supporting your OREO valuations.


Information Applicable To All U.S. Banks:

  • Proper Accounting Treatment under Generally Accepted Accounting Principles (GAAP) During:
  • Initial Acquisition
  • Establishing the Initial Carrying Value
  • Gain and Loss Treatment
  • Holding Period
  • Subsequent Expenditures
  • Capital Improvements
  • Subsequent Impairment
  • Disposition
  • Gain and Loss Treatment
  • Seller Financed Transactions
  • Practical Applications
  • 15 fact based examples or question and answer scenarios adapted from the OCCs most recent Accounting Advisory Series

Practical Information Specific to Nationally Chartered Banks:

  • OREO Defined
  • Allowable Acquisition Methods
  • Appraisal Requirements
  • Allowable Expenditures
  • Holding Period Requirements
  • Disposition Methods and Requirements.


CEO’s, CFO’s, controllers, auditors, accountants, senior lenders and loan review personnel.


Rodney McFadden is a Financial Institution Audit Division Manager for Pattillo, Brown & Hill, L.L.P. During his tenure, he has conducted Internal and External Audits, Regulatory Compliance Examinations, Trust Audits and Loan Reviews. Rodney has specialized in Internal Audits, Regulatory Compliance Examinations and Bank Secrecy Act (BSA) examinations for the last 5 years. Rodney has been an instructor for the Texas Banker’s Association Internal Audit School and their Bank Secrecy Act Audit Seminar.

Credit Information

2.0 total credits


Member price: $250.00 | Non member price $500.00