Regulatory Alerts2023-12-20
Added · Updated
Superintendent Guidance about CECL and LLL Calculation
Iowa state-chartered banks must use Call Report Schedule RC Item 4.c, representing the Allowance for Credit Losses on Loans and Leases Held for Investment, to calculate aggregate capital for determining the fifteen percent legal lending and investment limits. This directive aligns with Iowa Code sections 524.904(2), 524.901(2), 524.103(4), and 524.103(39) following the adoption of Current Expected Credit Losses (CECL) accounting standards.