These illustrative financial statements from Crowe include common disclosures as required under applicable accounting standards. They also include and delineate disclosures to comply with guidance from the U.S. Securities and Exchange Commission. Although these statements do not address all possible scenarios, they provide useful examples for community banks, thrifts, and other financial institutions to consider when preparing financial statements. In addition, the publication offers a summary of recently issued Accounting Standards Updates from the Financial Accounting Standards Board and federal financial institution regulators that are likely to be broadly applicable to financial institutions.
