Financial Institutions

INSPIRED TO KEEP YOUR FOCUS ON WHAT MATTERS

Take pressure off the day-to-day and gain more time for serving customers.

Take pressure off the day-to-day and gain more time for serving customers.

We see it every day—more regulations. More competition. More technology needs. Financial institutions are continually being asked to do more with the same resources. It’s the new normal for the industry, and it doesn’t seem to be going away anytime soon. Having a trusted advisor by your side can help you relieve that strain and put your attention back where it belongs—on your customers.

A Simple, Smarter CECL Solution

The Eide Bailly CECL Solution offers an easy-to-implement, robust tool that can scale up with your needs. Utilizing a spreadsheet model that uses the vintage analysis methodology, the Eide Bailly CECL Solution requires minimal data points while still supporting complex loan portfolios with many risk pools. Tackle CECL with a fully customizable tool that your team can learn quickly.

Cybersecurity Risk Assessment

We are pleased to offer this risk assessment to assist your financial institution in measuring inherent risk and cybersecurity maturity. This questionnaire is designed to help your organization understand baseline requirements for mitigating cybersecurity risks and evaluate additional controls as your organization matures in size and complexity.

Latest Insights

May 18, 2020
Article
Many Paycheck Protection Program (PPP) loan borrowers are more than halfway through their eight-week forgiveness period (the “covered period,” beginning on the date of loan disbursement) yet there are still many unanswered questions concerning how a …
May 7, 2020
Recorded Webinar
The Keeping American Workers Paid and Employed Act, more commonly referred to as the Paycheck Protection Program (PPP) is administered by you – the SBA PPP Lender. The next step to prepare for phase two of the PPP is loan forgiveness for your PPP …
April 30, 2020
Article
With the reserve requirement ratio to zero percent, the Federal Reserve has issued further guidance when it comes to Regulation D.
April 28, 2020
Article
There is no specific accounting guidance on how to record government assistance such as grants or loan forgiveness for organizations taking advantage of the PPP, but there is some general guidance available. Here are some common questions and …
April 15, 2020
Article
The Coronavirus Aid, Relief and Economic Security Act (CARES) provides substantive assistance to taxpayers affected by the coronavirus pandemic. This assistance comes in the form of new and modified tax provisions as well as other loan programs.
April 15, 2020
Article
Relief efforts and further guidance continue to be released in the wake of the COVID-19 pandemic. But how do these relief provisions actually impact community banks?
April 13, 2020
Article
The Federal Reserve has taken actions to improve the flow of credit and effectiveness of existing relief programs under the CARES Act. Here are the details.
April 9, 2020
Article
For SEC financial institution reporting companies, there is a lot of guidance to follow related to COVID-19 and their first quarter Form 10-Q. We breakdown what you need to know.
April 9, 2020
Blog
Federal Reserve announced the Main Street Lending Program to support mid-sized businesses. Regulations relaxed related to capital ratios for lenders providing Paycheck Protection Program loans.
April 7, 2020
Article
The Small Business Administration (SBA) has launched a large loan and relief effort in light of COVID-19. The following highlights some of the benefits available to small businesses.
April 1, 2020
Article
Information regarding the CARES Act is still being released and developed. As we wait for more information to be released, here’s what community banks can do regarding SBA lending programs under the CARES Act.
March 31, 2020
Article
Recently, the Federal Reserve announced they were reducing the reserve requirement ratio to zero percent across all deposit tiers. Here’s what that means for your institution.

Contact

Gary W. Smith
Gary W. Smith
Partner-in-Charge of Financial Institutions
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