CECL model

Comply with the CECL standard with Wipfli’s model

Wipfli has designed a CECL model to help your financial institution comply with the CECL standard. This Excel-based CECL solution is simple to populate and maintain — and it requires no software or ongoing subscription fees.

If your institution has already chosen a model but is unhappy with its complexity or amount of maintenance involved, our CECL model is easy to transition to. If you haven’t chosen a model yet, ours is easy to get started with. It utilizes the weighted-average remaining maturity (WARM) method and fulfills accounting and regulatory requirements, including more complex elements such as forecasting and unfunded commitments.

Our CECL model enables your institution to:

Develop a WARM-based CECL calculation that is simple to understand and support
Customize appropriate loan segments and calculate average annual loss rates
Efficiently implement loss forecasts over a reasonable and supportable time period
Evaluate losses on unfunded commitments

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Our team

Brett D. Schwantes, CPA

Brett Schwantes has over 25 years of experience working closely with financial institutions and is the leader of the Audit and Accounting Committee for the financial institutions practice of Wipfli LLP and a member of Wipfli’s Accounting Standards Advisory Group. He advises clients on various unique and complex issues such as derivatives, fair value measurements of financial instruments, and the new CECL accounting standard. Brett also consults with clients on the impact of new accounting standards and how best to implement them to avoid negative consequences whenever possible.

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Nick G. Ansley, CPA

Nick Ansley is a partner who brings more than 15 years of invaluable experience to financial institution clients. He has particular expertise with external audit and accounting and control issues that specifically impact financial institutions. Nick also has extensive commercial loan review experience. He has worked with large banks to develop internal control narratives and testing programs to assist them with FDICIA compliance requirements. Bringing additional value to his clients, Nick also assists with various agreed-upon procedure engagements and internal control reviews.