CECL raises its head again with changes to performance, call reports for first quarter

Modifications to terminology related to the current expected credit losses (CECL) accounting methodology are reflected in changes to the Uniform Bank Performance Report (UBPR) filed by banks and credit unions for the first quarter, the umbrella group for federal financial institution regulators said Friday.

The changes to the UBPR, the Federal Financial Institutions Examination Council (FFIEC) said, will be made on or shortly after March 25.

The “nomenclature” changes to CECL are being made in the consolidated reports of condition and income (call reports) for the first quarter, due next month.

The FFIEC said the UBPR modifications also reflect changes being made in response to the Accounting Standards Update (ASU) 2022–02, “Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.”

UBPR CECL nomenclature, Loan Modifications & Other changes