Welcome to the Call Report Resources Blog

Set it and forget it. Not always.

Uncategorized Mar 30, 2021

Without a doubt, Call Reports have become much more complex over the years.  Fortunately, most core data processing systems include at least some reporting modules designed to capture much of the data necessary to complete the Call Report.  Some of the most sophisticated core systems provide a means to map General Ledger and even individual loan and deposit accounts to the appropriate line items on the Call Report.  Of course, mapping the core system for Call Report purposes greatly enhances both accuracy and efficiency.

At this point you may ask yourself: My General Ledger, loan, and deposit accounts are all mapped and our Call Reports are routinely accepted for filing with the CDR so I can “Set it and Forget it,” right?  The answer is: Not always.

Even the most sophisticated mapping requires periodic reviews and updates.  Changes in banking laws, regulatory reporting rules, accounting pronouncements, glossary definitions, bank products, core...

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The Joy of Being Taken for Granted

Uncategorized Mar 18, 2021

Your Bank President and Board of Directors may only think about the Call Report briefly, like four times or so each year. This is as it should be, and this is how it is in many banks. The efficient, accurate, and timely preparation of the quarterly reports is something that just happens, and may even be taken for granted.


If the Call Report ever does get noticed, it is sometimes for the wrong reason. Unless you have a hand in preparing it, you may underestimate how difficult it can be to do it right. There are changing bank variables, changing accounting rules, changing instructions, and changing definitions and coverages. You have to work with all of the departments in the bank, and understand the underlying schedules that are reported up through those departments. And that is not even mentioning that staff turnover in those departments can leave you hanging when the deadline is looming. We also know that some banks have learned the hard way that there really is no such...

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The year 2020 a year of giving?

Uncategorized Jan 18, 2021

Well, 2020 certainly threw us a curve ball and gave us much to consider in our personal lives as well as our banking lives.  I don’t think anyone would consider 2020 a gift giving year….. or was it?


2020 actually was a significant year of gift giving from the regulators.  In late 2019 we learned that the eligibility threshold for filing the reduced Form 051 was raised to $5 billion.  Truly a gift for many institutions in 2020.  


We also were given the gift of the Community Bank Leverage Ratio (CBLR) in 2020 with the added benefit of the drop in the minimum leverage ratio to 8% in order to reduce the effect COVID-19 may bring upon a bank’s capital ratios. 


Even though these two areas are significant gifts from the regulators (in my opinion),  I recently read that only two-fifths of the institutions that became eligible for the 051 Form when the threshold was raised to $5 billion took advantage of the reduce...

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Feeling bloated after the holiday?

Uncategorized Jan 18, 2021

Well, you are not alone.  Your Bank is likely feeling bloated after this unprecedented year of PPP loans and the excess liquidity that most banks have on their balance sheets.


To deal with the Bank’s bloating, the regulators have offered a solution. In acknowledgement of the bloating that has taken place this year,  your Bank has been offered a hall-pass on reporting requirements that kick into play upon a bank reaching a new asset-based Call Report threshold.  In addition,  the FDICIA audit and certification requirements are also subject to the hall-pass if your Bank’s asset size as of January 1, 2020 was below the impact threshold for Part 363 of the FDI Act.


Keep in mind, you only get the hall-pass if your Bank’s balance sheet is inflated due to funding PPP loans or the money market mutual funds purchased as a result of participating in the FRB of Boston’s Money Market Mutual Fund Liquidity program. 


To learn...

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