A Call Report Christmas Tale!

A Call Report Christmas Tale: 2024 in Review 🎄

’Twas the night before the Call Report deadline, and all through the Bank,
Not an error was stirring—oh wait, let’s be frank.
With CECL in the spreadsheets and edits galore,
2024 kept us learning (and maybe crying on the floor).

But let’s step back from the stress and take a festive look at the highlights of this regulatory rollercoaster year:

🎁 The Gift of CECL
This year, we unwrapped the first full year of Current Expected Credit Losses (CECL) implementation—a present that required a lot of assembling. Sure, there were a few bumps (and maybe some "misplaced" instructions), but like a child with a new toy, we figured it out.

🎁 TDRs, We Hardly Knew Ye
Out with the old and in with the new! Troubled Debt Restructurings (TDRs) bid us farewell as loan modifications for borrowers in financial difficulty took center stage. It’s like swapping fruitcake for cookies—different, but better with practice.

🎁 Uninsured Deposits – Naughty or Nice?
The FDIC checked their list (and ours) twice, making sure uninsured deposits were reported correctly. If you missed the memo, don’t worry—you’ll get another chance to be on their nice list in 2025.

🎁 Schedule RC-K
Adding back unrealized losses to Schedule RC-K item 9 became the “new normal.” Sure, it was tricky, but after some trial and error, most of us mastered this modern-day math puzzle.

🎁 A New Brokered Deposit Rule Under the Tree
Like a mysterious gift, the proposed brokered deposit rule is still wrapped, but there may be  a chance it could shake things up in 2025. Stay tuned.

Looking Ahead to 2025

As we hang up our regulatory stockings and sip on a well-deserved cup of eggnog, let’s remember: 2024 made us sharper, stronger, and better prepared for what’s next.

Here’s to a Bright and Compliant 2025, filled with smooth submissions, accurate reports, and no late-night edits!

From all of us in the Call Report Resources: Merry Christmas and Happy Reporting! 🎅🎄✨