Sandy Sporleder

Reading Time: < 1 minute On March 16, 2022, the Federal Reserve increased interest rates for the first time since 2018, and we are anticipating this to continue throughout 2022. As a result, we are starting to get questions about the impact as banks are starting to see unrealized losses on their available-for-sale (AFS) securities. …

Read moreIncreased Interest Rates Spike Questions from Banks on Regulatory Capital

Reading Time: 2 minutes Regarding the Regulation B Appraisal Notice, we frequently get the question of whether it’s necessary if the application is denied or withdrawn.  Reg B {§ 1002.14} is not very clear on this issue; and you may think the answer is crazy.  I think we all know that sometimes regulations just …

Read moreIs a ‘Reg B Appraisal Notice’ Required when Applications are Denied or Withdrawn?

Reading Time: 4 minutes Your mother told you not to wear that shirt inside-out, but now that you’re a banker, it may be a good fit. Everyone calls it “Internal” Audit, but sometimes it makes sense to leverage time and resources by outsourcing.  We’ve taken the time to outline some things to consider.  The …

Read moreBanking Criteria for Outsourcing the Internal Audit

Reading Time: < 1 minute Due to the time consuming, difficult, and often costly analysis involved in testing goodwill impairment of a triggering event, FASB has issued a new standard to provide an alternative evaluation for private and not-for-profit (NFP) companies. Private and NFP companies can now elect to perform a goodwill trigger event assessment …

Read moreFASB Issues Goodwill Triggering Relief for Private & NFP Companies

Reading Time: < 1 minute As we’re preparing tax returns, we’ve noticed a lot more activity in non-bank-qualified bonds.  As you’re pricing these bonds, you’ll want to take into consideration the tax implications.  The projected yield may not be what you think it is. Over the years, there has been lots of discussion regarding the …

Read moreTEFRA Revisited: Be Careful to Consider Tax Implications

Reading Time: 3 minutes We’ve previously discussed the Employee Retention Tax Credit (ERTC) and how it impacts essential businesses with partial shut downs in previous issues of our GoodSense newsletter, linked below as related reads, but there have been some notable changes to the ERTC that could impact both you as a bank, and …

Read moreBanks May Now be Eligible for ERTC Under New Guidance