Case Study: National Bank of Middlebury achieves streamlined allowance calculations and CECL readiness with Abrigo's Loan Loss Analyzer

National Bank of Middlebury - Customer Case Study

National Bank of Middlebury, a $350 million community bank in Vermont, faced challenges managing quarterly ALLL allowance calculations with a web of Excel spreadsheets, subjective qualitative adjustments, rising problem loans and regulator scrutiny, and concerns about data security and CECL readiness. After evaluating vendors, the bank selected Abrigo’s MST Loan Loss Analyzer to replace its spreadsheet-based process.

Abrigo implemented the MST Loan Loss Analyzer in 2016, automating allowance calculations, uncovering inaccuracies in loan accounting, and delivering substantial human-resource savings through standardized reports and reconciliations. The bank is now using Abrigo’s tools — including the Shadow Loss Analysis module and planned Advisory Services engagement — to run parallel CECL methodologies, improve accuracy and efficiency, and prepare for CECL compliance with responsive vendor support.

National Bank of Middlebury

Sarah Cowan

National Bank of Middlebury