Case Study: MetaBank achieves a streamlined CECL transition and unified allowance with Abrigo

MetaBank - Customer Case Study

MetaBank, a diversified Sioux Falls–based bank, faced the challenge of adopting the new CECL accounting standard across multiple distinct loan systems and pooled allowances—processes that had been managed in Excel—while also integrating the recently acquired Crestmark portfolios. To handle methodology selection, data consolidation and automation without overburdening staff, MetaBank engaged Abrigo (formerly MST), working with Abrigo Advisory Services and planning to deploy the MST Loan Loss Analyzer (LLA).

Abrigo’s Advisory team produced a customized CECL Blueprint, recommended a Cohort methodology based on MetaBank’s historical data, and implemented the MST LLA to centralize data and standardize more than seven separate allowance calculations. As a result, Abrigo enabled MetaBank to house all portfolio data in one place, run parallel CECL and incurred‑loss estimates for at least five quarters, add stress‑testing and reporting capabilities, and streamline processes to give management and investors clearer guidance on CECL impacts.

MetaBank

Sheila Volek

Sr. Accountant