Case Study: The Bank of San Antonio achieves a smoother CECL transition with Abrigo's Sageworks ALLL and Stress Testing solutions

How Automating the Incurred Loss Model Eased the CECL Transition for The Bank of San Antonio

The Bank of San Antonio, a growing community bank in South Texas, faced the challenge of moving off Excel-based ALLL processes as it scaled and prepared for the CECL accounting standard. To streamline allowance and incurred loss modeling and to support stress testing, the bank selected the Sageworks ALLL Solution and later the Sageworks Stress Testing Solution from Abrigo.

Abrigo automated The Bank of San Antonio’s incurred loss model and stress testing, capturing and storing most loan data nightly and significantly reducing the bank’s additional data needs. As a result the bank produced its first CECL results by September 2018, now runs parallel CECL calculations quarterly ahead of the effective date, and has been able to present full ALLL and CECL reports to its board and audit committee—demonstrating faster, more auditable reporting and improved readiness thanks to Abrigo.

The Bank of San Antonio

Andrew Reid

Executive Vice President and Chief Credit Officer