Ardmore Credit Data Assessment Service

 How Can You Be Sure That Your Bank's Loan Portfolio Data is Ready to Support Regulatory Needs for CECL, Stress Testing and Concentration Management? 

“Ardmore’s Credit Data Assessment service was extremely valuable to Brookline Bancorp – as it helped us quickly identify strategic and tactical actions we could take to be better prepared for CECL and stress testing initiatives. The process was quick, virtually painless, and the results were actionable. Ardmore has a depth of knowledge of credit data and related processes that is unique in the industry. All banks will find value in using this important service, especially now with CECL and other regulatory initiatives on the horizon.”

Bob Rose - Chief Credit Officer, Brookline Bancorp Inc.

Is your bank's loan portfolio data ready to support regulatory needs for CECL, Stress Testing and Concentration Management?  

The Ardmore Credit Data Assessment tells you what you must know to fix your credit data today.  

A proven expert third-party Credit Data Assessment Service is a review of your bank's current Credit/Risk Portfolio Data Management procedures and tools.  

  • Gap Analysis of your bank's current credit data management vs. Industry Best Practices
  • Review of current credit data collection processes as well as status of credit data accessibility and data integrity
  • Custom Action Plan to address efficiency and automation
  • Guidance on data needs in preparation for eventual CECL and Dodd Frank Act Stress Testing (DFAST) needs

Benefits of Ardmore's Credit Data Assessment Service

  • Our proven process provides a cost-effective approach that yields actionable results quickly
  • Ardmore's unique blend of deep credit expertise and knowledge of bank data ensures that your bank can meet Industry Best Practices with a bank-specific implementation action plan
  • Enhance your credit data origination and management processes to fit the Bank's growth goals and business needs
  • Ensure your Bank is prepared for additional regulatory scrutiny due to growth strategies

Before you invest in an automated CECL/ALLL or Credit Data Warehouse, know your gaps and follow an action plan to prepare efficiently and effectively

For community banks, the game is changing, driven by regulatory demands for more data, reporting, disclosures and statistical modeling.  

The new CECL guidelines for ALLL, expectations around Stress Testing and Capital Planning and a new focus on Concentration Management for community banks all require more loan portfolio data with faster turnaround.  Spreadsheets and manual calculations will no longer meet your Bank's needs.  

Ardmore's community bank data experts can assist your bank to proactively prepare for heightened regulatory expectations by ensuring that your current credit data capabilities are sufficient to address data needs for CECL and other reporting and analytical needs.  When the time comes for increased regulatory scrutiny, your bank will be ready.  

For more information, please contact Peter Cherpack at 484-417-2082 or
pcherpack@ardmoreadvisors.com.