The Office of the Comptroller of the Currency today released its annual update to the Bank Accounting Advisory Series, a document containing staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting issues. The document assumes all banks are using the CECL. Topics covered include loan modifications, credit losses and the elimination of accounting for troubled-debt restructurings by creditors that have adopted updated FASB standards.
Survey: Community bankers remain optimistic but concerned about tariff effects
Community bankers maintain an overall positive outlook on the economy but worry that future business conditions are fading, according to the Conference of State Bank Supervisors.