2019 Survey: CECL and Your Financial Institution

The survey is anonymous. If you wish to enter the drawings for a Yeti Tundra 45 Cooler (value $300) or win one of four Ultimate Ears Boom 2 Bluetooth Speakers (value $90 each), you may enter at the end of the survey.

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* 1. In what states does your institution have locations or otherwise serve customers? (Check all that apply.)

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* 2. What is the total asset size of your financial institution?

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* 3. Who is your primary regulator?

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* 4. How is your institution classified as a business entity?

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* 5. What is your title?

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* 6. Who is your primary auditing firm? 

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* 7. What percentage of your total portfolio falls in each category?

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* 8. How would you describe your progress in preparation for and transition to CECL? (Check all that apply.)

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* 9. What departments of the financial institution are involved in your CECL preparations? (Check all that apply.)

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* 10. What department is the primary driver of your CECL preparations?

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* 11. Estimating CECL will require more historical data than required by the incurred loss standard. Check all that apply relative to your institution and the required data.

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* 12. How far back will you look to gather data?

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* 13. For purposes of estimating, how are your loans segmented? (Check all that apply.)

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* 14. Will CECL cause you to change how you pool or segment your loans?

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* 15. If so, how?

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* 16. What reserve methodology or methodologies are you considering using under CECL? (Check all that apply.)

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* 17. What ALLL methodology do you currently use? (Check all that apply.)

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* 18. Do you think CECL will increase or lower your reserves?

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* 19. How will CECL impact how you manage credit risk?

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* 20. How will CECL impact your capital requirements?

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* 21. Will the data you gather for CECL be useful for other applications?

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* 22. Do you think CECL will make it more difficult to justify your allowance to your external auditors and regulators?

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* 23. Do you think CECL will result in changes to your underwriting standards?

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* 24. Do you think CECL will result in changes to how you price your loan products?

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* 25. Do you think CECL will result in changes to your loan administration practices?

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* 26. Do you think CECL will result in changes to how you determine capital adequacy?

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* 27. How else do you expect CECL to impact your institution? (Check all that apply.)

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* 28. Which of the following is the primary tool you currently use to estimate the ALLL?

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* 29. Which of the following will be the primary tool you plan to use to estimate the allowance under CECL?

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* 30. What are the biggest challenges you’re facing in your preparations for the transition to CECL?

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* 31. What further clarification would you like to see on the CECL standard?

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* 32. What advice might you give to an industry peer who could benefit from any hindsight you’ve gained in your CECL preparations?

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* 33. How have you leveraged other departments, processes, tools, etc. at your institution in your CECL preparations?  (e.g.; stress testing, data, software tools)

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* 34. The survey is anonymous, but to receive the data first and be entered into the drawings for a Yeti Tundra 45 Cooler (value $300) or win one of four Ultimate Ears Boom 2 Bluetooth Speakers (value $90 each), please add your contact information.

This will allow us to contact the winners and send the results from the survey.

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