K·Coe Insights: Posts from category

Community Banks

Is a ‘Reg B Appraisal Notice’ Required when Applications are Denied or Withdrawn?

By Sandy Sporleder | July 19, 2021
Reading Time: 2 minutes Regarding the Regulation B Appraisal Notice, we frequently get the question of whether it’s necessary if the application is denied or withdrawn.  Reg B {§ 1002.14} is not very clear on this issue; and you may think the answer is crazy.  I think we all know that sometimes regulations just …

Read moreIs a ‘Reg B Appraisal Notice’ Required when Applications are Denied or Withdrawn?

Did you Know?: Your Bank’s Cyber Vulnerabilities may be Public Knowledge

By Sandy Sporleder | July 19, 2021
, ,
Reading Time: 2 minutes Did you know there might be information about your bank’s cyber vulnerability on the internet? Or that it’s common for a hacker to have access to a system months before an exploit? Or that ‘one password’ compromised is what brought down the entire Colonial pipeline recently? K·Coe’s cybersecurity consultants explain …

Read moreDid you Know?: Your Bank’s Cyber Vulnerabilities may be Public Knowledge

Main street and Elm in Rogers, Arkansas

FASB Issues Goodwill Triggering Relief for Private & NFP Companies

By Sandy Sporleder | June 8, 2021
Reading Time: < 1 minute Due to the time consuming, difficult, and often costly analysis involved in testing goodwill impairment of a triggering event, FASB has issued a new standard to provide an alternative evaluation for private and not-for-profit (NFP) companies. Private and NFP companies can now elect to perform a goodwill trigger event assessment …

Read moreFASB Issues Goodwill Triggering Relief for Private & NFP Companies

accounting standard update leases

Accounting Standard Update: Delayed Effective Date and Its Effects on Leases

By K·Coe Editorial | April 16, 2021
Reading Time: 3 minutes ASU 2016-02, Leases Update: FASB officially delayed the leasing standard effective date for non-public entities to December 15, 2021 (i.e., January 1, 2022). This standard may not only affect a bank’s balance sheet, but also the balance sheet of their customers. Overview of the ASU Lease Update Effects Effects on …

Read moreAccounting Standard Update: Delayed Effective Date and Its Effects on Leases

What to Do with Fraudulent Unemployment Claims and Receipt of a 1099-G

By Kerry Hatzenbuehler | February 25, 2021
Reading Time: 2 minutes Scammers are taking advantage of the COVID-19 pandemic and states across the country are seeing an increase in reports of unemployment claim fraud due to identity theft. It’s important to know what to do – as family members, employees, and customers may be looking for help after receiving notice that …

Read moreWhat to Do with Fraudulent Unemployment Claims and Receipt of a 1099-G

TEFRA Revisited: Be Careful to Consider Tax Implications

By Sandy Sporleder | February 25, 2021
Reading Time: < 1 minute As we’re preparing tax returns, we’ve noticed a lot more activity in non-bank-qualified bonds.  As you’re pricing these bonds, you’ll want to take into consideration the tax implications.  The projected yield may not be what you think it is. Over the years, there has been lots of discussion regarding the …

Read moreTEFRA Revisited: Be Careful to Consider Tax Implications

Categories