Sunday, September 20, 2020
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On April 6, 2020, the FDIC released FIL 35-2020, introducing changes to the Community Bank Leverage Ratio (“CBLR”) in response to COVID-19. Starting in 2020, the CBLR will determine if a bank is considered well-capitalized by looking at the leverage ratio of the bank. If your bank is considered well-capitalized, it will be subjected to less regulatory reporting requirements in Schedule RC-R of the Call Report.

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Mike McIntyre, CPA

Manager, Financial/Treasury Audit Team

Mike McIntyre has been an integral part of the Firm’s Financial/Treasury Audit Team since 2015. He specializes in managing and conducting audits related to accounting, investment portfolio management, fixed assets, regulatory reporting, bank reconciliations, accounts payable, and other financial areas. He reviews policies and procedures, for adequacy and compliance with regulatory requirements. Prior to joining acxell, Mr. McIntyre worked at a New Jersey based financial institution for 11 years. He began his career in banking in 2002. A Certified Public Accountant (CPA) in the State of New Jersey, Mr. McIntyre earned his master’s degree in Taxation from Florida Atlantic University and his bachelor’s degree in Communications from West Chester University of Pennsylvania.

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How Will the Modifications to the CBLR Framework Affect Your Bank?