Asu 2010 20 loan and allowance for loan loss disclosures - webinar 111511

ASU 2010-20 – LOAN AND ALLOWANCE FOR LOAN LOSSES DISCLOSURES Webinar November 15, 2011 noon – 1pm EST DeLeon & Stang, CPAs and Advisors Allen P. DeLeon, CPA Credit Union Services Partner [email_address] [email_address] (301)948-9825

Speaker biography – Allen P. DeLeon, CPA ,[object Object],[object Object],[object Object],[object Object]

Speaker biography – Lutamila Sallu, CPA ,[object Object],[object Object],[object Object]

Speaker biography – Kevin Madden, CPA ,[object Object],[object Object],[object Object]

Agenda ,[object Object],[object Object],[object Object],[object Object]

BACKGROUND ,[object Object],[object Object],[object Object],[object Object]

EFFECTIVE DATE ,[object Object],[object Object],[object Object],[object Object]

WHAT IS THE IMPACT? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

WHAT IS THE SCOPE? ,[object Object],[object Object],[object Object],[object Object],[object Object]

WHAT IS THE SCOPE? (CONTINUED) ,[object Object],[object Object],[object Object],[object Object],[object Object]

TERMINOLOGY ,[object Object],[object Object],[object Object],[object Object]

TERMINOLOGY (CONTINUED) ,[object Object],[object Object],[object Object],[object Object]

NEW DISCLOSURE REQUIREMENTS Category Portfolio segment Class Roll-forward of allowance for loan losses Credit Quality information Non-accrual and past due loans Impaired loans (individually evaluated) Modifications (for both portfolio segment and class levels)

ALLOWANCE FOR LOAN LOSSES – PORTFOILIO SEGEMNT Previous requirements New requirements Accounting policies related to the allowance for loan losses ,[object Object],[object Object],[object Object],[object Object],Roll-forward of total allowance for loan losses ,[object Object],[object Object],[object Object],[object Object],Recorded investment in financing receivables Recorded investment in financing receivables by portfolio segment and disaggregated on the basis of impairment method

CREDIT QUALITY INDICATORS - BY CLASS Previous requirement New requirement None ,[object Object],[object Object],[object Object],[object Object]

NONACCRUAL AND PAST DUE LOANS – BY CLASS Previous requirement New Requirement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Same disclosures required by class of financing receivables except that the disclosures of the accounting policy for charging off uncollectible receivables is required by portfolio segment Recorded investment in receivables on nonaccrual status Now required by class of financing receivables Recorded investment in receivables past due by 90 days or more and still accruing Now required by class of financing receivables None An entity shall provide, by class of financing receivables, an analysis of the age of the recorded investment in loans that are past due at the end of the reporting period.

IMPAIRED LOANS – BY CLASS Previous requirement New requirement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

TROUBLED DEBT RESTRUCTURINGS Previous requirement New Requirement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

TROUBLED DEBT RESTRUCTURINGS (CONTINUED) ,[object Object],[object Object],[object Object],[object Object]

TROUBLED DEBT RESTRUCTURINGS (CONTINUED) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

NCUA REGULATORY AND CALL REPORTING CONSIDERATIONS ,[object Object],[object Object],[object Object]

IMPACT ON FINANCIAL RATIOS ,[object Object],[object Object],[object Object],[object Object]

IMPLEMENTATION CONSIDERATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IMPLEMENTATION CONSIDERATIONS (CONTINUED) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Asu 2010 20 loan and allowance for loan loss disclosures - webinar 111511

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