Case Study: National Bank of Middlebury eliminates Excel in allowance calculations with Abrigo's Loan Loss Analyzer

National Bank of Middlebury moves from Excel to Abrigo in 4 years for allowance and CECL

National Bank of Middlebury faced the challenge of moving its allowance for loan and lease losses (ALLL) calculation out of a manual, error-prone process reliant on numerous Excel spreadsheets. The bank was also preparing for the transition to the Current Expected Credit Loss (CECL) standard. To address this, they partnered with vendor Abrigo and implemented its Loan Loss Analyzer solution.

Abrigo's solution provided a stable and expert-supported platform for the bank's allowance calculations. The result was a successful migration from Excel to the Loan Loss Analyzer for its incurred loss model, which then grew into utilizing the same Abrigo tool for its CECL preparations. The bank cited Abrigo's high knowledge level and responsive support as key factors in achieving a more manageable and future-proof process.

National Bank of Middlebury