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Colorado Bankers Association: Understanding Collateral Dependent and How To Convert Purchase Credit Impaired Loans Under CECL

June 22, 2021 @ 11:00 am - 3:00 pm EDT



The new CECL standard eliminates the concept of impaired loans and removes the guidelines as to when and how loans are impaired. Under CECL, there are three primary allowance buckets including pools, individual CECL loan calculations, and collateral dependent. In this session our associate member, ARCsys, will discuss how you will need to deal with your impaired loans and purchase credit impaired loans when adopting CECL.

  • Understand how collateral dependent is different under CECL
  • Gain and understanding of how you will need to convert purchase credit impaired loans to purchase credit deteriorated loans under CECL
  • Learn the pitfalls and issues in adopting CECL for these new concepts.



Michael Umscheid

President & CEO, ARCSys

Mike has been providing accounting, consulting and auditing services to financial institutions for over 30 years. Considered the “CECL Guru”, Mike was selected by the AICPA to create and deliver their 8-hour CPE course on CECL. He is a past member of the Auditing Standards Board and a published author on Accounting and Auditing for Financial Institutions. Mike has spoken at numerous AICPA conferences as well as other national and local financial institution associations. Mr. Umscheid is also the author of the 8-hour CPE course published by the AICPA for CECL.Mike is currently the President and CEO of ARCSys, a consulting firm that specializes in Allowance for Credit Loss software and CECL. He graduated from Virginia Polytechnic Institute and State University in Blacksburg, Virginia. Mike enjoys working out in the morning before work and loves to cook for his family and friends.


June 22, 2021
11:00 am - 3:00 pm EDT


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