About Brandy Aycock

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So far Brandy Aycock has created 78 blog entries.

Shadow Loss Analysis: Running Parallel Methodologies

Many thanks to Nathan Kelly, SVP, Credit Risk & Reporting Officer, United Bank, and David Jaques, FVP, Credit Analytics Manager, Valley National Bank, for discussing their CECL journey and how partnering with a third party, Abrigo (formerly MST), and running parallel methodologies using the MST Loan Loss Analyzer’s “Shadow Loss Analysis” module are helping them determine which CECL models will best suit their institutions. Automating the Allowance Process Nathan Kelly on the impact of automating the allowance process . . . We moved from Excel to automation in 2015 to improve the efficiency of our existing process. We chose MST at that time, now Abrigo, and our partnership has grown over time as we needed to respond to the increasing complexity of our incurred loss estimations. One of the benefits of converting to an automated solution early has been the warehousing of our data. We also use Abrigo Advisory Services as a trusted resource to address issues that have come up during transition. I think a financial institution needs to focus on a partnership as opposed to just an automated solution. We have found it valuable to bring various bank departments onto our transition team, to better understand the impact CECL is going to have on the bank and capital. We’ve got a lot of bench strength, people who’ve been with the bank a long time.  We have used the Advisory team as a sounding board all along the way. They are professionals with real life experience, including at large audit firms. David Jaques on the impact of automating the allowance process . . . We went live with the MST Loan Loss Analyzer in 2016. It has allowed us to compile a data warehouse for our 149,000+ loans. CECL implementation is critical [...]

2019-02-13T18:29:11+00:00February 8th, 2019|Blog, CECL|

MST is Now Abrigo

We hope your 2019 is off to an exciting start! We know ours is… We are excited to announce that we are now Abrigo and together we are going to make big things happen! Who is Abrigo? We, along with Sageworks, were acquired by Banker’s Toolbox, a leading provider of anti-money laundering and fraud prevention software, in the first half of 2018. We are thrilled to bring our combined industry expertise and technological brainpower together under one name in 2019. What does this mean to you? As a current customer, not much will change other than our logo, name, tagline and website. Our product names (MST Loan Loss Analyzer, Virtual Economist, etc.) will stay the same. Your customer success manager will stay the same, as will the phone number for support. You will start seeing emails from if you want to add that domain to your safe sender list. But don’t worry -- you will be able to access the legacy MST website and email addresses for a few more months in case you enter the wrong domain. With the new name, we are proud to bring you more resources to manage risk and drive growth. In addition, we’ll have more in our resource library in the form of white papers, case studies, webinars, etc. for you to use to enhance your industry knowledge. If you’ve been thinking about joining our family, there’s no better time than now. As Abrigo, we’re able to provide market-leading compliance, credit risk, and lending solutions to enable you to think bigger, allowing you to both manage risk and drive growth. Our mission to “Make Big Things Happen” supports our commitment to helping community financial institutions succeed against “the perfect storm” of ever-changing and increasing regulatory requirements, [...]

2019-01-15T10:29:32+00:00January 15th, 2019|Blog, Solutions|

CECL Accounting: The good, the bad, and the complex (Update)

Financial institutions have complexity on their minds as they confront the transition to the new Current Expected Credit Loss (CECL) accounting standard for loan-loss estimates. Indeed, a recent survey found that nearly eight out of ten financial professionals cited increasing complexity and increase in demand on internal resources, including staff, as two of their biggest challenges in the move to CECL.  […]

2018-10-24T11:15:35+00:00August 28th, 2018|CECL|

MST 2018 Annual Lender Survey Tracks Progress as Financial Institutions Prepare for CECL Accounting Standard

Again this year MST used its annual survey to focus on the new ASU 2016-13 accounting standard, CECL (current expected credit losses), set for implementation in 2020 and 2021, which will dramatically change how banks and credit unions determine their reserves.  […]

2018-10-29T12:19:49+00:00July 20th, 2018|CECL|

CECL Disclosures: What’s Changing?

Again this year at the National CECL Conference, Dorsey Baskin, partner emeritus of Grant Thornton, explained how typical ALLL disclosures will change under CECL. Because financial institutions will account for their loss allowances differently under CECL than under the current incurred loss model, the Financial Accounting Standards Board (FASB) had to modify allowance disclosure requirements. […]

2018-11-01T09:10:42+00:00May 28th, 2018|CECL|

Subject Matters at the National CECL Conference

The sessions at the MST 2018 National CECL Conference are built around the most important and challenging CECL topics as they are emerging during the transition period. Each General Session will feature presentations by panels of leading CECL experts and interactive discussions among attendees. […]

2018-10-24T12:04:37+00:00March 2nd, 2018|Education|

A Team Approach to CECL Education

Dave Cogswell, Credit Administration Director of Chemical Bank explains why multiple team members are attending the National CECL Conference. Dave’s entire team at Chemical Bank is attending the National CECL Conference to gain understanding and exposure to the changes that CECL will bring. Not only will the Credit Administration team attend but also accounting. CECL will impact the entire financial institution, so getting everyone on the same page is imperative. […]

2018-10-24T12:22:37+00:00February 6th, 2018|CECL Education|

The Four Disciplines to CECL Compliance

Breaking down CECL into four disciplines may be an easier way for financial institutions to embrace CECL and the transition to this new accounting standard. MST Advisory Services approaches compliance with a blend of Accounting, Modeling, Economics and Engineering. Some of our Senior Advisors for MST Advisory comment on these four disciplines in this infographic. […]

2018-10-24T12:43:30+00:00January 12th, 2018|CECL Accounting|

2018 CECL Resolutions

As we begin a new year, our minds go to the things we want to accomplish in 2018, whether it be personally or professionally. Accordingly, for those faced with the seemingly daunting task of transitioning to the new and impending CECL standard, a few of the advisors of MST Advisory Services have come up with the following resolutions you may consider adopting: […]

2018-10-24T13:27:28+00:00January 2nd, 2018|CECL|