National Conference on Banks & Savings Institutions 2017

Sep 11, 2017 ‐ Sep 13, 2017

This year’s conference continues the tradition as the trusted source of latest developments essential to the financial institutions industry. Join us for noteworthy information and conversations spanning three days.

With discussions on economic and regulatory developments, plus accounting and auditing, as well as the opportunity to network with policymakers and thought leaders, you’ll gain clear understanding and decisive next steps paramount for the year ahead.

Welcome & Introductory Remarks & Economic Outlook

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Welcome & Introductory Remarks & Economic Outlook

Sep 11, 2017 8:15am ‐ Sep 11, 2017 9:45am

Identification: BAN1701

Economic Forecast for 2017: A Roadmap for Businesses in the Trump Era. One of the most-trusted names in financial reporting, Dr. Rossell breaks down America’s current financial future as well as our place within the global economy. Looking at how we got here (including an overview of post-Recession global growth), what businesses can expect from a Trump administration, and what priorities organizations need to focus on in both the short and long-term, Dr. Rossell provides an essential roadmap for executives and consumers alike. She covers a range of essential topics including: Fed rate hikes, the renegotiation of trade deals, shifts in global currency, and government regulations.

• Marci Rossell, PhD, Former Chief Economist , CNBC

Rising Rates are Here Again: Time to Celebrate or Danger Ahead?

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Rising Rates are Here Again: Time to Celebrate or Danger Ahead?

Sep 11, 2017 12:55pm ‐ Sep 11, 2017 2:10pm

Identification: BAN1704

Bankers are euphoric now that interest rates have risen after the extraordinary turmoil following the financial crisis and a protracted period of the lowest rates in their lifetimes. This “surprise” jump in rates arose post-election in anticipation of higher economic growth, ramped up infrastructure spending, higher inflation, lower taxes and less regulatory burden for bankers…all positive for bank earnings if all goes as planned. Some wild cards to consider: To what degree will rates rise and over what time period? More importantly, what about the slope of the curve? A rising rate scenario accompanied by a flatter yield curve will wreak havoc for many banks, while others will thrive. What have we learned from previous rate cycles, and what strategies should we consider and avoid this time around? The world is simply a great Shakespearean play, repeated over and over again, and the only things that really ever change are the actors on the stages. A well-informed and focused ALCO has far better odds of balancing current earnings needs with the challenges of the new rate cycle. Many institutions will hit the “panic” button at precisely the wrong time and take action they will likely regret down the road

• Frank L. Farone, Managing Director, Darling Consulting

Performance & Outlook for Banks Nationwide

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Performance & Outlook for Banks Nationwide

Sep 11, 2017 2:20pm ‐ Sep 11, 2017 3:35pm

Identification: BAN1706

This session will discuss the performance of the Banking Industry for private and public Banks and share our outlook for the next several quarters utilizing real time trends and analysis. We will provide information on bank operating trends from the latest quarterly disclosures and an overview of credit quality.

• David Bishop, CFA, Senior Equity Analyst, FIG Partners LLC

ERM Current Best Practices

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ERM Current Best Practices

Sep 11, 2017 4:05pm ‐ Sep 11, 2017 5:20pm

Identification: BAN1709

Enterprise Risk Management (ERM) protects the health of your financial institution so you can achieve your business goals. In order to be successful, your strategic plan needs to align with the risks your organization takes on. In this presentation, we will discuss how to use your risk assessment results to uncover a holistic view of your organization’s “risk DNA,” align your risk management monitoring activities and costs with highest risk threats, and ensure your key risk indicators are appropriate to support your strategic plans.

• Randy Marsicano, CISA, CRISC, Senior Manager - Professional Services, Wolf & Company, P.C.
• James Burke, President & Risk Officer, Community Bank of the Chesapeake

Developing Fair Value Estimates

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Developing Fair Value Estimates

Sep 11, 2017 4:05pm ‐ Sep 11, 2017 5:20pm

Identification: BAN1710

ASC 820 provides a framework for developing fair value measurements and disclosures for financial reporting, including acceptable valuation techniques, inputs, and requirements for financial statement disclosures related to the valuation of financial instruments. This session will provide participants with an overview of ASC 820, a discussion of the application of ASC 820 to residential mortgage loans, and a discussion of current trends in the residential mortgage loan market.

• John Holmes, CFA, Director, PwC
• Christopher S. Merchant, CPA, Partner, PwC

Tax Update for Financial Institutions

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Tax Update for Financial Institutions

Sep 11, 2017 4:05pm ‐ Sep 11, 2017 5:20pm

Identification: BAN1711

This session will provide attendees with an overview of federal 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 an overview of proposed tax legislation and related planning strategies, a discussion of the financial statement impact of proposed tax legislation and an overview of miscellaneous tax developments (including an update on captive insurance arrangements).

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

Leases - Textbook Series with a Focus on Implementation Issues

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Leases - Textbook Series with a Focus on Implementation Issues

Sep 11, 2017 4:05pm ‐ Sep 11, 2017 5:20pm

Identification: BAN1712

The leasing standard first becomes effective in 2019. Unlike many standards, this one impacts the financial services industry as both a provider of leases and as a lessee of buildings and equipment.. We will discuss the changes to the accounting for leases and the practical considerations and challenges of implementing ASU 2016-02, “Leases” (ASC Topic 842).

• Kerrie Cadugan, CPA, Executive Director, EY
• Lew Engel, CPA, Managing Director, Citigroup

Ethics Update

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Ethics Update

Sep 12, 2017 7:30am ‐ Sep 12, 2017 8:20am

Identification: BAN17201

This session will provide attendees with an update on recent changes to the Code of Professional Conduct and also refresher on other ethical topics that the hotline staff are frequently asked about. In addition to understanding changes to your ethical responsibilities an emphasis will be made on understanding responsibilities related to records when selling, transferring, discontinuing or acquiring a practice.

• Ellen T. Goria, CPA, Associate Director, AICPA

Expected Loss Quantification: Factors That Will Move the Needle

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Expected Loss Quantification: Factors That Will Move the Needle

Sep 12, 2017 7:30am ‐ Sep 12, 2017 8:20am

Identification: BAN17202

This session will cover:

1. Foundational elements: properly accounting for credit risk characteristics, including:

a. Importance of accounting for risk differentiation and rank ordering for pass-rated loans

b. Common flaws of risk rating systems

c. Potential financial impact on the ALLL

2. We will also discussed methodology matters, such as

a. Quantifying impact of methodology choices on CECL allowance balance at different points in the economic cycle, volatility

b. Length of reasonable & supportable (R&S) period

c. Scenario choice (1 or multiple) Criteria for methodology selection

d. Data availability and applicability

e. Portfolio composition

f. Firm size / complexity

• Anna Krayn, Senior Director, Head of Risk and Accounting Solutions – Americas, Moody's Analytics
• Masha Muzyka, CPA, CGMA, Senior Director, Moody's Analytics

Evaluating the Credit Mark in Mergers and Acquisitions and Capital Raise Scenarios

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Evaluating the Credit Mark in Mergers and Acquisitions and Capital Raise Scenarios

Sep 12, 2017 7:30am ‐ Sep 12, 2017 8:20am

Identification: BAN17203

The overall credit mark is typically the number one deal point in M&A – understanding the nuances of what moves the needle in a fair value assessment of the loan portfolio is critical to negotiating a fair deal.

During this session, we will discuss:

1) How should a bank determine the credit mark of a target, particularly given low historical charge-offs?

2) What are ways that the diligence process over the loan book/credit mark can add value post-acquisition?

3) What does a potential seller need to do to look at its own credit mark the same way an acquirer would? What data is critical to this analysis?

4) How do the concepts of CECL apply – both today and upon adoption?

• Robin Sawyer, Partner, DHG Financial Services
• David H. Ruffin, Director - Credit Risk Management, Dixon Hughes Goodman, LLP