Welcome to the Financial Institution Insights podcast.
In the wake of the devastating California wildfires and other natural disasters, financial institutions need to understand how these events impact portfolio loss expectations and how to reflect those in CECL calculations and reserves. In this special episode of In the Know, BerryDunn’s financial institution experts David Stone and Susan Weber review qualitative adjustments, individually analyzed loans, and forbearance agreements. Creating a natural disaster playbook now will ensure you are prepared for the next natural disaster to impact your portfolio.
Looking for more? Our team of experts is here to bring clarity to complex challenges and help banks and credit unions make better-informed financial decisions. Submit a question to Ask the Advisor and get the information you need to move forward.
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