Understanding the Change The Financial Accounting Standards Board (FASB) has released Accounting Standards Update (ASU) 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans, a significant development for banks involved in…
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Keeping current with rapid technological changes and dealing with economic headwinds can take up a large share of a community bank’s attention. But it’s important not to let your bank’s…
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Interest rates have been at top of mind for many financial professionals in recent years. Interest rate fluctuations can significantly affect a bank’s deposit stability, earnings and asset values, for…
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Cybersecurity in Today’s Banking Environment Community banks are increasingly reliant on technology for daily operations, from online banking platforms to internal financial systems. With this reliance comes greater risk, cyber…
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CECL: A New Era of Credit Loss Estimation The Current Expected Credit Loss (CECL) standard represents one of the most significant changes to bank accounting in decades. Unlike the incurred…
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The Role of Internal Controls Internal controls are more than an accounting exercise. For community banks, they are the foundation of trust and the guardrails of financial health. Strong controls…
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