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Jerry Boebel

As a Consulting Services Senior Manager for ProfitStars®, Jerry is responsible for the design and delivery of all ALM consulting and client support for over 1,900 banks and credit unions. Jerry has 24 years of broad banking experience that includes retail banking, mortgage insurance, and fixed income asset management. He has served as a liaison between financial institutions and regulatory examiners, written investment and ALM policies and procedures, and created educational materials on portfolio, ALM, and product profitability management for multiple regulatory agencies. Jerry holds a bachelor of science in banking and finance from the University of Wisconsin. He has also earned the Chartered Financial Analyst designation and is a member of the CFA Society of Madison, WI.

Recent Posts

The Benefits of Early CECL Adoption

Posted by Jerry Boebel

Nov 18, 2016 11:45:00 AM

FASB’s Accounting Standards Update (ASU) No. 2016-13 (more commonly referred to as CECL) was released earlier this year in June. At first look, the implementation dates for CECL are so far out that this project may not rank very high on a management team’s to-do list.

  • Public business entities (PBEs) that are SEC registered have a regulatory reporting effective date March 31, 2020.
  • Other PBEs March 31, 2021
  • Private companies December 31, 2021
  • Early application for all entities December 15, 2018

However, there are potential benefits to moving CECL up in priority and adopting the accounting standard early.

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Topics: Commercial Lending

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