Magazine : Archives : 3rd Quarter 2019

How CECL Can Make Your Bank Better

CECL was just the opportunity that Glen Stiteley was looking for. Stiteley joined County Bancorp, an agricultural-focused lender with $1.5 billion in assets, as chief financial officer in August 2017. Like many community banks, Stiteley says the Manitowoc, Wisconsin-based bank could sometimes be “tools cheap” when it came to internal operations, relying on its core vendor and struggling to leverage its own data in decision-making. That included the loan-loss allowance, which had been calculated on an Excel spreadsheet. By contrast, Stiteley is a self-described “data guy” and is always looking for ways that the bank can improve through information and...