Call Report Preparation 2024

OVERVIEW

This one-day seminar focuses on equipping community banks with the fundamental knowledge necessary for completing an accurate and efficient Call Report.  The presentation will guide call report preparers through the practical application of the complicated instructions and provide clarity to common reporting challenges. 

OBJECTIVES

Participants will:

• Gain a deeper understanding of how the balance sheet schedules support and affect risk-weighted assets and regulatory capital calculations. 
• Get Insights into current and upcoming revisions, accounting changes,
• Learn how to get the most out of technology tools available,
• Develop strategies for sharing preparation responsibilities training a knowledgeable backup,
• Identify reporting challenges arising from changing regulatory rules.

AUDIENCE

Call report preparers and reviewers including regulatory reporting specialists, staff accountants, controllers, internal auditors, CFOs, and financial analysts will benefit from the seminar. Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations, and annual training is highly recommended by regulators.    

AGENDA

9:00 AM to 4:00 PM, preceded by Breakfast at 8:00 and Lunch at Noon

This seminar 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.

General Information Related to Call Report

• Call Reporting Basics

Review of Balance Sheet Schedules

• RC, Balance Sheet
• RC-B, Securities
• RC-C, Loans and Leases
• RC-F, Other Assets
• RC-G, Other Liabilities
• RC-K, Quarterly Averages
• RC-L, Off-Balance Sheet Items
• RC-M, Memoranda
• RC-N, Past Due and Non-Accrual Assets

Review of Regulatory Capital Schedules

• RC-R Part I, Regulatory Capital Components
• RC-R Part II, Risk-Weighted Assets

Review of Other Schedules

• RC-E, Deposit Liabilities
• RC-O, Other Data for Deposit Insurance and FICO Assessments
• Schedule SU – Supplemental Information/Related Form 041 Schedules

Review of Income Statement Schedules

• RI, Report of Income
• RI-A, Changes in Equity Capital
• RI-B, Charge-offs, and Recoveries on Loans and Leases
• RI-E, Explanations

Other Call Report Topics

• CECL – A year later
• Data integrity and workpapers
• Technology and automation of the Call Report
• Strategies for documenting and transferring knowledge and training a knowledgeable back up

Participants will receive electronic handout materials to support the training agenda. This training will cover the FFIEC 041 and 051 forms. For FFIEC 031 report filers, the training for the 041 report will be beneficial, however, there will not be discussion on foreign reporting matters applicable to 031 report filers. It is advised that participants bring a copy of their recent Call Report or print out a blank copy of the FFIEC form applicable to their Bank.

PRESENTER

Danielle Heidemann-Damon (CIA) is Manager, in the Financial Services/Strategic Advisory practice at Wipfli LLP.  As a Certified Internal Auditor, with extensive experience working in the financial service industry, Danielle specializes in general financial institution consulting, risk-based process reviews and improvements, and accounting assistance.  She provides Call Report preparation assistance and reviews, and other consulting services to assist community banks with improving internal controls, efficiency, and profitability.