Financial services organizations face intense scrutiny of their allowance for loan and lease losses (ALLL) policies and procedures, but might only have minimal direction on critical calculations and adjustments. Our team has extensive experience helping financial services organizations of all sizes maintain compliance with ALLL interagency guidance and relevant Financial Accounting Standards Board standards, including Accounting Standards Codification (ASC) 450-20-30 and ASC 310-10-35.
Crowe offers an industry-driven ALLL solution that addresses five areas of critical concern:
Eliminates inefficient manual data gathering and error-prone data entry
Creates audit trails and documentation of ALLL decisions
Connects with core systems, FDIC Call Reports, and the federal economic database
Integrates seamlessly with other elements of an active credit portfolio management system
Demonstrates a consistent, repeatable process to the board and agencies' examiners
Regulator expectations
Crowe credit risk professionals have a comprehensive understanding of ALLL calculation, including:
Reach out to a Crowe banking professional to help you with ALLL calculations. Contact us now.