How Automating the Incurred Loss Model Eased the CECL Transition for The Bank of San Antonio
How Automating the Incurred Loss Model Eased the CECL Transition for The Bank of San Antonio
3 Pagesabrigo.com CHOOSING A VENDOR FOR AUTOMATING THE INCURRED LOSS MODEL Like many financial institutions, The Bank of San Antonio had relied on Excel to calculate its allowance for loan and lease losses (ALLL). But the bank was growing quickly, and Andrew Reid, Executive Vice President and Chief Credit Officer at The Bank of San Antonio, recognized that it may not be the most efficient tool as the bank got bigger. “What happens when we’re a $1 billion bank? Or $1.5 billion? How are we going to manage that,” Reid thought. After exploring several vendors for ALLL and incurred losses, The Bank of San Antonio selected the Sageworks ALLL Solution from Abrigo. The bank was particularly impressed with Abrigo’s commitment to customer service, which closely aligned with their own value
