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2024 Call Report Common Exam Issues

Are you ready? Just recently in September 2024, the Office of the Comptroller of the Currency (OCC) announced areas of supervisory priorities for 2025 that include allowance for credit losses, asset and liability management, and capital. These all translate to lines on your Call Report.

Upcoming
Wednesday, November 6th, 2024
10:00 am - 11:30 am
2 Presenters
1 CPE Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • Auditing
  • Lending
  • Reporting
  • Commercial Lender
  • Consumer Lender/Retail Banker
  • Controller/Accountant
  • Credit Analyst
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Senior Management
  • Training Manager
  • Trainer

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The spring 2023 financial crisis is still affecting bank examinations (and ratings). Each of the regulatory Agencies either has already toughened their examination escalation procedures or is in the process of doing so. Management items requiring attention or formal actions are becoming more common as reactions occur within the bank’s portfolio due to prior economic turbulence. Whether it is to assess the financial institution’s Credit Risk Management, Allowance for Credit Losses, or the accuracy of its records to demonstrate safety and soundness, the examination often results in comments regarding the Call Report.

Lately, examiner scrutiny is focused on accurate regulatory reporting as it is impacted by loan classification, allowances, and other re-classifications. We will look at examples of exam findings and discuss how to address these findings at the bank.

What You'll Learn

Examples of Exam Findings:

  • Designation and training of reporting personnel
  • Credit Risk Management including identification of non-accrual loans
  • Appropriate and adequate Allowance for Credit Losses
  • Requirement for independent Third-Party Review
  • Unexplained Variances
  • Intangible Assets
  • Concentration of Credit Monitoring based on loan codes

A Summary of Call Report Best Practices including:

  • Materiality for amended Call Reports
  • Call Report Workpapers
  • Documenting amended Call Reports
  • Books and Records Program or Call Report Policies and Procedures
  • Sustainable reporting throughout the Bank
  • Training
  • Archiving Tips
  • Exam Response tracking

Who Should Attend

Join us for a 90-minute webinar designed to provide valuable insights into the interconnected nature of Call Reporting and the Report of Examination (ROE). This session will explore common findings from regulatory exams and discuss effective strategies for resolving these issues. Participants will gain practical tips on how to address exam comments efficiently and document the bank's prompt responses. Whether you're looking to enhance your understanding of the exam process or seeking guidance on compliance, this webinar will equip you with the knowledge needed to navigate these critical aspects of bank operations.

Field of Study:Accounting

Skill level:Basic

Prerequisites:None

Advanced Preparation:None


Lauren Sparks

Instructor Bio

With a career spanning almost 40 years as a community banker and banking regulatory and risk management consultant, Lauren Sparks is an accomplished advocate for women’s leadership, community banks, and economic access. In her early career in banking, Ms. Sparks held positions that ranged from teller to Investment Officer, Loan Officer, and Cashier. She actively supported bank acquisitions at the local Houston community bank where she spent her first 9 years. Ms. Sparks moved to bank consulting firms at a local level, and then to a national level at Sheshunoff Consulting where as a Director she specialized in troubled banks and fintech. In 2009, Ms. Sparks formed 3PR, Inc., a woman-owned consulting firm specializing in community banks and financial service firms. 3PR serves more than 40 community banks at any given time and has had experience as a preferred vendor for one of the world’s largest software providers.


In 2022, working through the pandemic, Ms. Sparks founded a denovo community bank in Houston, Texas, raising over $43 million and securing Minority Depository Institution status as women-owned. Awarded by notable organizations for outstanding contributions to banking, women’s issues, and finance, Ms. Sparks has been active in leadership roles across multiple financial boards, including being nominated to serve on the Federal Reserve Bank of Dallas Advisory Council. She edited the Reference Guide for Regulatory Compliance Manual for the American Bankers’s Association for 10 years. Ms. Sparks is a founder of the Houston chapter of the Association of Certified Anti-Money Laundering Association (ACAMS) and is a Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), and an Accredited ACH Processional (AAP).


Andrea Lambert

Instructor Bio

Andrea Lambert is currently lending her skills as a trainer and consultant as a member of the 3PR staff. Andrea has over 20 years of banking experience with a broad range of financial and operational skills. She began her banking career as a part-time teller and bookkeeper as she completed her B.S. in Finance from Illinois State University. In 2005, she started a seven-year career with the Office of the Comptroller of the Currency as an associate national bank examiner, becoming familiar with rules and regulations, best practices, and success strategies as they relate to the call report process and the banking industry as a whole. In 2012, Andrea filled the cashier position at a local community bank. During the ten years she worked there, she was responsible for ensuring the accuracy of various operational components of the bank, with a focus on call report preparation.


Continuing Education Credit Information

2024 Call Report Common Exam Issues has been approved for 1 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.