Robby Holditch with Moody's Analytics stops by to discuss what CECL is and its potential impact on the community bank.
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There is an elephant in the room for community banks and that is the Current Expected Credit Loss (CECL) that is close to implementation.
Potentially, it could have an impact to banks’ retained earnings but also has an impact on loan pricing and generally how banks view their credit exposure.
It’s a shift that is coming…that’s not being discussed as it needs to be in the community banking world.