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The shifting landscape of Call Reports is like embarking on a new adventure in the financial world. Over the past few years, we’ve tackled significant changes with resilience and agility, staying ahead in this fast-paced environment. As we approach the end of the first quarter of 2025, it’s more important than ever to address emerging questions from recent FASB updates. Staying informed on the latest regulatory and accounting standards is critical for ensuring your institution’s Call Reports are accurate, compliant, and aligned with the latest rules. Our 2-day training is designed to equip Call Report preparers and reviewers with all the latest insights, covering new, proposed, and upcoming changes that will affect reporting from March 2025 onward. Whether you’re just starting out or a seasoned pro, this program has something for everyone. We’ll kick off with a big-picture look at key updates, then dive into detailed discussions to prepare you for today’s challenges and tomorrow’s requirements. Expect comprehensive handouts to guide you through the process, with a focus on FFIEC 041 and 051 forms. Even if you file the FFIEC 031, you’ll find plenty of value here. To get the most from the experience, bring a recent Call Report or a blank copy of the appropriate FFIEC form for your institution. Get ready for an engaging, hands-on learning experience that will leave you prepared and confident in your Call Report duties! TOPICS This 2-day training will cover general preparation instructions, background on regulatory matters that impact the Call Report, changes in reporting status, regulatory rules, and general information about reporting requirements under U.S. GAAP. A discussion of regulatory changes impacting the current Call Report will be covered in detail. As new regulatory matters arise, they will be added to the agenda to provide participants with the most current training applicable. Regulatory reporting topics covered in this webinar will include:
Please bring a copy of your general ledger and your latest call report. Bankers find it useful to review classifications during the class as the line items are discussed.
Call Report preparation is a multifaceted task that demands a deep understanding of bank accounting, regulatory requirements, and various banking operations. Regulatory authorities highly recommend annual training to stay abreast of evolving standards. It is advisable for banks to designate individuals who are trained as both preparers and reviewers for this critical task. This program offers value to anyone involved in preparing, reviewing, or signing a Call Report, whether they are newcomers or seasoned professionals. The updates and discussions on accounting and financial reporting issues ensure that all participants can enhance their knowledge and skills.
Monday, March 10, 2025 8:00 AM – 8:30 AM ET – Continental Breakfast 8:30 AM – 12:00 PM ET – Session 12:00 PM – 1:00 PM ET – Lunch 1:00 PM – 4:00 PM ET – Session Tuesday, March 11, 2025 8:00 AM – 8:30 AM ET – Continental Breakfast 8:30 AM – 12:00 PM ET – Session 12:00 PM – 1:00 PM ET – Lunch 1:00 PM – 2:00 PM ET – Session
Call Report Schedules Covered The following schedules will be covered, however, not all line items within each schedule will be discussed. The training will commence with coverage of the anchor schedules: RC - Report of Condition RI - Report of Income The following Report of Income schedules will be discussed: RI-A - Changes in Equity Capital RI-B - Charge-Offs and Recoveries RI-C - Allowance for Credit Losses RI-E - Explanations The following Report of Condition schedules will be discussed: RC-A - Cash and Due from Banks RC-B - Reporting Securities RC-C - Loan coding and key memorandum items RC-E - Reporting Deposits and Memo item 1 RC-F - Other Assets RC-G - Other Liabilities RC-K - Average Balances RC-L - Reporting Unused Commitments & Off-Balance Sheet Items RC-M - Memoranda items on Insider Loans, ORE, Intangibles and Borrowings RC-N - Past Due, Nonaccruals & Modified Loans RC-O - Insurance Assessments and Reporting Deposit and Average Balance Information RC-P - Mortgage Banking Activities RC-Q - Reporting Fair Value Assets and Liabilities – When to complete this schedule. RC-R Part I - Capital Ratios and the CBLR RC-R Part II - Risk Weighting Assets (with a focus on the loan portfolio and unfunded commitments) RC-S - Servicing, Securitization, Sales SU - Report 051 items covered with discussion of Form 041 corresponding items
*Schedule is subject to change
Andrea S. Lambert Consultant, Third Party Resources Inc. 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 BS 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. About 3PR 3PR is a Financial Consulting firm specializing in Risk Management, including Regulatory Consumer Compliance, BSA/AML Compliance, Internal Control Audits and Bank and Regulatory Training. Lauren M. Sparks, CRCM, CAMS, AAP is the CEO of the firm. Ms. Sparks brings extensive experience with over 35+ years in community banking, and also acted as National Director in Risk Management Services for Sheshunoff Consulting + Solutions, where she provided risk management services, specializing in high-risk projects and engagements.
Hard Rock Hotel at Universal Orlando 5800 Universal Blvd Orlando, FL 32819 Hotel Room Rate: $289/night* Hotel Room Rate Dates: March 9 - 11, 2025 *State and Local Taxes, currently 12.5% Deadline for Room Rate: Tuesday, February 18, 2025 The special hotel room rate has expired, but FMS may still have limited rooms available. Please email us with arrival and departure requests for a possible room. Hotels are first come first serve. Reservation Line: (407)503-2000
For more information regarding administrative policies such as concerns or refunds, call 312-578-1300. FMS is registered with the National Association of State Boards of Accountancy 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. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.
A refund minus a $250 processing fee will be provided for cancellations received by FMS in writing by Friday, February 7, 2025. No refunds will be given for cancellations received after that date. A substitution from your institution is welcome at any time. FMS reserves the right to change instructors or reschedule/cancel sessions when necessary. FMS is not responsible for airfare penalties incurred due to the cancellation of the program. For more information regarding refunds, concerns, and/or program cancellation policies, please contact our offices at (312) 578-1300. Click Here for a complete list of FMS payment and registration policies
Event Registration Pricing: $1,995/person Member Benefit: Members receive a $700 member benefit towards the registration fee for a total registration fee of $1,295 (member benefit must be selected during payment and only applies for one registration) Members and Non-members must sign in to register. If you need to create an FMS Account - Click Here to get started!