Case Study: First & Farmers National Bank achieves cost-effective CECL readiness with Abrigo's CECL solution

First & Farmers Found Cost-Effective Expertise with Abrigo’s CECL Solution

First & Farmers National Bank needed an affordable, reliable way to build CECL allowance calculations ahead of the January 2023 implementation date and prioritized cost, data integration with their core system, and vendor stability. After evaluating options, First & Farmers selected Abrigo’s CECL software—the ABA-endorsed CECL solution—because Abrigo offered loss-modeling expertise, data integration support, and a client-led implementation option that fit the bank’s budget and timelines.

First & Farmers used Abrigo’s self-led integration with support from an Abrigo data integration engineer to pull and reconcile core data automatically, build the CECL model, and test results at a comfortable pace. The project delivered measurable outcomes: a completed CECL model before the 2023 deadline, smooth data reconciliation, the ability to run parallel testing and present to the board, and cost savings from the client-led implementation—giving the bank confidence in its allowance calculations and regulator readiness.

First & Farmers National Bank

Andrew Cooper

Chief Credit Officer