Ann Thomas
Ann Thomas has twenty-seven years of experience in bank accounting and
control. She received a BA in Accounting from the University of Houston in 1982.
From 1982 through 1997 she worked with Judith Alexander Jenkins, as Alexander
& Associates and subsequently Alexander & Leavelle, providing planning,
financial reporting, regulatory reporting, and operational and compliance
auditing services to over ninety independent banks. In 1998, she organized
Thomas Consulting. At Thomas Consulting she now prepares bank plans, monthly
financial reports, performs regulatory compliance audits and training and
internal control audits for several banks. Additionally, she prepares and
reviews Call Reports for various banks. Ms. Thomas has taught numerous call
report seminars for state banking associations. She has presented the Call
Report Seminar to and has responded to questions from thousands of bankers in
over 16 states. Her experience in working with a broad range of independent
financial institutions is of unique value in understanding Call Report questions
and in communicating with bankers in their language.
Tuesday, September 21st, 2010
10:00 am - 12:00 pm
CST
The Institute of Certified BankersTM(ICB) is
dedicated to promoting the highest standards of performance and ethics within
the financial services industry. This webinar has been approved for 2.5 CRCM
credits.
On January 22, 2010, the regulatory agencies approved changes to the 2010
Call Report to assist in managing the current credit crisis and provide
additional data needed to monitor for safety and soundness. Revisions include
clarification on the definition of unused commitments, reporting on Reverse
Mortgages, new reporting to identify other than temporary losses on debt
securities, additional reporting on brokered deposits, quarterly reporting of
loans to small business and small farms, and quarterly reporting of the number
of all deposit accounts on RC-O.
For banks that have elected to participate in the FDIC’s transaction account
guaranty program, revisions have been proposed to RC-O M4a and M4b. The
regulators have proposed changing the reporting of TAG related accounts from
quarter end balances to quarter to date average balances. This change will be
effective for the September 30, 2010 call report.
Highlights:
- September 30, 2010 Proposed Change to RC-O M4a, 4b
- 2010 Approved Changes:
- Unused commitments - changes in definitions, new line items
- Reverse mortgages - new line items
- Brokered Deposits - changes in line items and new line items
- Other Than Temporary Impairment - new line items
- RC-O Changes
- Loans:
- RC-C Classification Priority
- Restructured Loans
- RC-R:
- Goodwill
- Due From Banks
- Prepaid FDIC Insurance
- Recent Changes in Accounting Standards
- Other than temporary impairment of debt securities
- Commitments to originate or purchase mortgage loans that are intended for
sale
- Common Errors in Call Report Preparation
Who Should Attend?
This update will benefit the more experienced Call Report preparers,
reviewers, and auditors. It will supplement annual comprehensive Call Report
training recommended by bank regulators.