Welcome to our the FBLG Banking Library. Below are articles from our industry experts that highlight the expertise in each of our service areas.

Topic: Accounting

FASB Takes Action on Deferred Tax Issue

Adjustments to deferred taxes related to unrealized gains/losses on investment securities has revealed a burdensome flaw in current GAAP. FASB to the rescue?

Is Your Deferred Tax Asset Safe?

There is good news for community banks in the Tax Cut and Jobs Act, but potential bad news as well.

Regulatory Agencies Issue Frequently Asked Questions Update on CECL

FAQs about the implementation of the new accounting standard, Current Expected Credit Losses, from federal bank regulatory agencies. Clarifies the agencies' position and timeline for implementation. Troubled Debt Restructurings will now be calculated under CECL.

Impact of New Lease Accounting Rules on Regulatory Capital

FASB's new Accounting Standards Update No. 2016-02, Leases explained from the lessee's standpoint. Call Report instructions and how the new No. 2016-02 Leases rule will impact regulatory capital.

Placing Nonaccrual and TDR Loans Back on Accruing Status

Accounting rule and Call Report instructions for loans placed on nonaccrual status or labeled Troubled Debt Restructurings.

FASB Announces Changes to Accounting for Modification of Share-Based Payments

FASB issued Accounting Standards Update (ASU) No. 2017-09, Compensation – Stock Compensation (Topic 718) – Scope of Modification Accounting. This pronouncement applies to changes in the terms or conditions of share-based payments.

FASB Eliminates Step 2 from Goodwill Impairment Test

Early in 2017, FASB simplified the accounting for goodwill impairments by issuing ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminated Step 2 from the goodwill impairment test.

New Guidance for Amortization of Callable Debt Securities Premiums

ASU 210-08 introduces a change-- requiring premiums on callable debt securities to be amortized over the period remaining until the earliest call date as opposed to until the maturity date. This only affects the recognition of premiums and not discounts.

Book/Tax Treatment of CDI and Goodwill - Revisited

We first wrote about the book and tax treatment of core deposit intangibles and goodwill back in 2009, and five years later one of the most common questions remains: How will goodwill and the core deposit intangible (CDI) be treated for book and tax purposes?

Returning TDRs to Accruing Status

At what point can troubled debt restructured loans be returned to accrual status and do the loans continue to be impaired now that they have been performing?

Credit Loss or Operational Loss?

When a certain loss must be recognized, is it a credit loss or an operational loss? Although bank's establish reserves for credit losses, the loss becomes part of the bank's loss history and will have a lingering effect on its future loan allowance analysis.