Case Study: National Cooperative Bank streamlines ALLL calculations and improves examiner feedback with Abrigo

National Cooperative Bank improves ALLL support and documentation over 2 years with Abrigo

National Cooperative Bank (NCB) faced a challenge with its inefficient, manual process for calculating its allowance for loan and lease losses (ALLL) using spreadsheets. This convoluted method consumed excessive time on data accumulation and validation, leaving little room for analyzing results. Furthermore, the bank relied heavily on external data, which drew regulatory scrutiny and a directive to develop a model based on its own historical experience. To address these issues, NCB sought a solution from vendor Abrigo.

By implementing Abrigo's Sageworks ALLL solution, NCB automated its calculation, enabling smooth data integration and the development of an improved historical loss model. The results were highly positive, with examiners providing very favorable feedback on the new process. The implementation by Abrigo allowed NCB to reallocate resources from building the calculation to ensuring robust support and documentation, leading to a much more efficient and effective process that meets regulatory requirements.

National Cooperative Bank