Are banks taking advantage of the CECL extension?
Independent Banker
OCTOBER 31, 2021
The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. For those banks, early adoption is an option, but few if any community banks are choosing it, according to James Kendrick, ICBA’s first vice president of accounting and capital policy.
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