Case Study: Citizens First Bank achieves faster FDIC exams and streamlined ALLL documentation with Abrigo ALLL

Impressing Examiners Despite Increasing ALLL Scrutiny

Citizens First Bank faced heightened examiner scrutiny of its ALLL, relying on internal spreadsheets and separate impairment worksheets that required 70–80 individual analyses during its exam. To address the need for more granular, defensible documentation, the bank turned to Abrigo and adopted Abrigo ALLL to streamline its allowance and impairment processes.

Abrigo ALLL automated calculations, justified assumptions, and gave examiners read-only access to reports so a single lead asset examiner could produce Net Present Value and collateral analyses with a few clicks instead of routing documents among three people. As a result, the exam finished on schedule in three weeks (versus prior exams of four to five weeks), saving weeks of staff time and allowing Citizens First Bank to resume business development—a tangible time savings delivered by Abrigo.

Citizens First Bank

Jason McCray

Citizens First Bank