INSIGHT ARTICLE |
The McGladrey 2013 Loan Loss Reserve Survey is an invaluable guide for community financial institutions nationally to evaluate their allowance for loan loss (ALL) reserves in context with peer institutions as well as to confirm the accuracy of the information upon which they base their accounting decisions.
Specifically, the results of the survey provide a snapshot of banks and credit unions across the nation and their loan loss reserve factors, with clear views of data for classified and non-classified loans by asset size. The data is also broken down by components of reserve requirements.
Now in its ninth year of publication, financial institutions have found the data in the McGladrey survey invaluable not only to understand where their institutions stand in comparison to their peers, but to provide analysis support for internal use as well as for regulators.