PCBB Announces Comprehensive CECL Solution for Financial Institutions
Bankers' Bank Provides Custom Consulting and 6-3-1 Process Specifically Designed for Financial Institutions with Less than $10 Billion in Assets
Multiple Methods Supported Simultaneously
Benefits of the PCBB CECL solution include:
PCBB provides a fully-outsourced solution to financial institutions under $10B in assets. This eliminates the need for time-consuming software installation and training. Additionally, PCBB’s CECL solution provides simultaneous results for multiple methods, allowing financial institutions to move seamlessly to alternative methods when market conditions warrant. PCBB built its solution based on the lessons and challenges it learned in preparing for CECL, coupled with its decades of risk management expertise.
- Consulting partner that works closely with financial institutions — An integral part ofthe CECL solution is for PCBB’s consulting team of financial service professionals to work with institutions to help them through a four-step process to determine the optimal roadmap for CECL implementation. The process includes taking an inventory and analyzing historical loan loss data, assessing loan segments for loss methods, performing calculations for each portfolio, and summarizing results with advisory services. As a partner, PCBB CECL consultants will assist customers as they prepare for audits and exams.
- Customized, simultaneous 6-3-1 process — PCBB’s CECL solution is the only offering to run six methods simultaneously - closed pool, closed pool vintage, vintage default curve, open pool, migration, PD/LGD and discounted cash flow models. This allows financial institutions, with PCBB’s guidance, to mix and match different methods to various portfolio segments. Additionally, this flexibility permits a seamless transition from one method to another as conditions warrant.
- Easy-to-use and transparent tools — The PCBB CECL solution provides not only board and management level insights, but also includes reports tailored for CFOs and CCOs on the nature of the loan, performance, cash flow, loss calculation and peer comparison. Most importantly, the solution includes transparent and comprehensive documentation tailored to examiner and auditors’ needs.
- Centralization on a flexible platform — PCBB enables institutions to move their data and information to a flexible platform that is independent from the core system. This platform will support time series analysis needed for both loss rate calculations and the calculation of prepayment rates required to determine life of loan. Additionally, this platform supports other complex analyses needed for both qualitative and forward look factors.
Founded by community bankers in 1997, PCBB was created with the sole purpose of helping community financial institutions become stronger. Our mission is to provide fellow bankers with high-quality, competitively-priced solutions and personalized service without competing against them. PCBB provides a comprehensive set of products and services including: correspondent and international services, lending services, hedging solutions, risk management advisory services (such as asset liability management, credit and liquidity stress testing, loan reserve analysis including ALLL/CECL), and customer profitability.
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