AICPA National Conference on Banks & Savings Institutions 2020

Sep 14, 2020 ‐ Sep 16, 2020

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CECL Adoption During a Pandemic

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CECL Adoption During a Pandemic

Sep 14, 2020 3:00pm ‐ Sep 14, 2020 4:15pm

Identification: BAN2006

In this session, we will discuss the adoption of CECL in this time of unusual economic stress, including the challenges of applying the standard when the economic forecast is uncertain.

• Describe observations on the adoption of CECL and the implementation of the standard during the coronavirus crisis
• Discuss key challenges including the accounting, use of models, data and qualitative reserves
• Describe lessons learned from the adoption

• Anshu Agarwal, Principal, EY
• Balvinder Sangha, PhD, Principal, EY
• Thomas Yurcisin, Partner, Audit Services, EY
• Mike Smith, CPA, CMA, CGMA, Chief Accounting Officer, Banc of California
• Chris Lynch, Senior Vice President, Bank of America

Balance Sheet Management: Strategies vs. Tactics for Earnings, Liquidity, Capital, and ALM

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Balance Sheet Management: Strategies vs. Tactics for Earnings, Liquidity, Capital, and ALM

Sep 14, 2020 4:45pm ‐ Sep 14, 2020 5:35pm

Identification: BAN2008

There are effective tactics worth examining and executing in today’s rate environment and economic landscape. But don’t get comfortable that you have set a strategy simply by executing tactics. Scott Hildenbrand, Head of Balance Sheet Analysis and Strategy, will cover a series of current themes including liquidity, balance sheet efficiency, securities, derivatives, and capital. The discussion will focus on advantageous tactics and longer-term strategy while highlighting the asset/liability sensitivity and impact to quality or quantity of earnings.

• Distinguish the difference between a tactic and a strategy and why planning for both will benefit your institution
• Evaluate the benefits of quality vs. quantity of earnings and how to tell the difference
• Discover how to protect against rate moves and position your institution for success in different rate environments

• Scott Hildenbrand, Head of Piper Sandler Financial Strategies and Head of Piper Sandler Hedging Services, LLC, Piper Sandler

Panel: Planning Unleashed - Peer Perspectives for Improving Your Budgeting, Planning & Forecasting (sponsored by Syntellis Performance Solutions)

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Panel: Planning Unleashed - Peer Perspectives for Improving Your Budgeting, Planning & Forecasting (sponsored by Syntellis Performance Solutions)

Sep 15, 2020 10:00am ‐ Sep 15, 2020 10:50am

Identification: BAN20201

While annual budgeting is time-consuming and seems to come earlier every year, budgeting and planning aren’t a once-and-done endeavor. You need to be nimble to deal with a rapidly changing landscape, and part of that preparation is learning what works for other institutions. Join finance experts from Kaufman Hall, Community Trust Bancorp, Inc., and Triumph Bancorp, Inc. for their perspectives on how to maximize the effectiveness, efficiency, and value of the budgeting, planning, and forecasting processes at your institution. Our panelists will share their experiences, best practices, and lessons learned around key planning topics, with plenty of time for interactive discussion with the audience.

Attendees will see these benefits: validate your current processes against your peers; look for ways to improve your budgeting and planning cycle―before you’re in the thick of it; take practical strategies back to your institution to streamline and enhance your processes.

• Describe processes and best practices on budget and variance reporting
• Discover tips for creating a smooth process to handle non-interest expense planning, including operating expenses, capital expenditure requests, and salary planning
• Discuss challenges, value, and best practices related to balance sheet and margin planning

• Kevin Stumbo, EVP and Chief Financial Officer, Community Trust Bank
• Luke Wyse, SVP, Finance and Investor Relations, TBK Bank
• Heather Hinchley, Industry Practice Lead, Financial Institutions, Syntellis Performance Solutions

Navigating CECL in the COVID-19 World: What Have We Learned and What Will Future Challenges Be? (sponsored by SS&C Primatics)

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Navigating CECL in the COVID-19 World: What Have We Learned and What Will Future Challenges Be? (sponsored by SS&C Primatics)

Sep 15, 2020 10:00am ‐ Sep 15, 2020 10:50am

Identification: BAN20202

The adoption of CECL was made more eventful by the unprecedented economic situation. Models and processes were put to the test in unanticipated ways. Out of all this, what can be learned to help navigate the next year and beyond?

• Discuss the transition to CECL
• Identify ACL challenges faced due to the macroeconomy
• Summarize Qualitative Adjustments for COVID-19
• Discuss reports and disclosures
• Examine what the future holds

• John Lankenau, Senior Vice President - Product and Operations, SS&C Primatics

Work Reimagined: Adapting to the New Working World

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Work Reimagined: Adapting to the New Working World

Sep 15, 2020 4:00pm ‐ Sep 15, 2020 5:15pm

Identification: BAN2012

While navigating short-term physical return-to-office issues, many organizations are simultaneously looking to reimagine the future of work. There is an opportunity to capitalize on this moment to reimagine organizations and redefine the way they operate. This session will provide attendees with perspective on several key issues organizations are facing, including enabling new ways of working, reimagining real estate and addressing implications of cross-border remote working.

• Identify key considerations for the future of work
• Discover how to approach these challenges and where to start
• Assess important tax and regulatory considerations for a remote, cross-border workforce

• Brian Hickey, Principal, People Advisory Services, EY
• Roselyn Feinsod, Principal, People Advisory Services, EY
• Amit Banker, Partner, People Advisory Services, EY
• Andrea Filippelli, Senior Manager, EY

Tax Changes and Planning Opportunities Brought About by the COVID-19 Fallout

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Tax Changes and Planning Opportunities Brought About by the COVID-19 Fallout

Sep 15, 2020 4:00pm ‐ Sep 15, 2020 5:15pm

Identification: BAN2014

This session will provide attendees with an overview of COVID-19 tax developments impacting the financial services industry and will be presented in terms that the non-tax-professional can understand. Topics to be discussed include a summary of the CARES Act tax provisions, including tax planning strategies resulting from its enactment, an analysis of the GAAP and regulatory impact of these tax law changes and a summary of significant industry issues, including the impact of certain acquisition structures on the tax-exempt status of bank-owned life insurance (“BOLI”).

• Recognize how recent CARES Act tax law changes impact the financial services industry
• Identify potential CARES Act tax planning opportunities that can add to the bank’s bottom line
• Discover which common bank acquisition structures may negatively impact the tax-exempt status of acquired BOLI policies and identify potential structural planning alternatives that may avoid these concerns

• David A. Thornton, CPA, Partner, Crowe LLP

The Impact of Deferrals on Your Loan Portfolio and Considerations for CECL (sponsored by Moody's Analytics)

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The Impact of Deferrals on Your Loan Portfolio and Considerations for CECL (sponsored by Moody's Analytics)

Sep 16, 2020 10:00am ‐ Sep 16, 2020 10:50am

Identification: BAN20203

In this session we will discuss the impact of payment deferrals, forbearance and other loan assistance programs on your portfolio and CECL allowance calculation. We will provide a framework for incorporating these programs into your credit modeling and allowance calculation to generate an estimate of the impact on expected credit losses. Separate consideration will be provided for commercial and retail books.

• James Partridge, Director, Credit Analytics, Risk & Accounting Solutions, Moody's Analytics
• Stephen Coppola, MSBA, Director – Implementation Services, Moody's Analytics

Community Bank Chief Financial Officers (CFO) Panel

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Community Bank Chief Financial Officers (CFO) Panel

Sep 16, 2020 2:15pm ‐ Sep 16, 2020 3:30pm

Identification: BAN2017

With the current environment, we have a variety of challenges and unknowns. Hear from community banks about issues that are top of mind – and how their banks are tackling them!

• Assess current financial reporting and operational issues facing community banks including loan modifications, Paycheck Protection Program (PPP), Main Street and impairment evaluations
• Analyze the impact on the ACL/ALLL
• Evaluate changes in operations due to COVID-19 and the next normal

• Thomas Adams, CPA, EVP / CFO, American Bank, N.A.
• Martin M. Caine, CPA, Member of the Firm, Wolf & Company, PC
• Mike Dowling, Chief Operating Officer / Chief Financial Officer, Southern First Bank
• Todd L. Capitani, CPA, Executive VP, CFO, Community Bank of the Chesapeake
• Jeffrey White, Senior Vice President and Controller, Northwest Bancshares, Inc.

Mid-Size Bank Chief Accounting Officer (CAO) Panel

Preview Available

Mid-Size Bank Chief Accounting Officer (CAO) Panel

Sep 16, 2020 2:15pm ‐ Sep 16, 2020 3:30pm

Identification: BAN2018

We are navigating a variety of challenges and unknowns with the current environment. Hear from mid-sized banks about issues that are top of mind – and how their banks are tackling them!

• Assess current financial reporting and operational issues facing mid-sized banks including loan modifications, Paycheck Protection Program (PPP), Main Street and impairment evaluations
• Evaluate changes in operations due to COVID-19 and the next normal

• David Cornish, CPA, EVP, Chief Accounting Officer & Corporate Controller, Santander US
• Jorge Ray, Executive Vice President - Chief Accounting Officer, BankUnited
• Jorge J. Garcia, Senior Vice President, Corporate Comptroller, Popular, Inc.
• Edward Sperling, EVP, Controller, CIT Group

Transitioning from LIBOR - The Journey Continues

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Transitioning from LIBOR - The Journey Continues

Sep 16, 2020 2:15pm ‐ Sep 16, 2020 3:30pm

Identification: BAN2019

Are we still on track? Reference rates, or Interbank Offered Rate (IBORs), such as the London Interbank Offered Rate (LIBOR) are widely used in a broad range of financial instruments and other agreements. Regulators in various jurisdictions have undertaken efforts, referred to as reference rate reform, to eliminate certain reference rates and introduce new reference rates or replacement rates. With COVID-19, did we hit pause, hit a speed bump or are we still on track?

• Evaluate accounting and tax implications of reference rate reform
• Assess potential resolution and timing

• Jeannine Hyman, CPA, Director, Citi
• Lucy Farr, Partner, Davis Polk & Wardwell LLP
• David Challen, Partner, PwC