On November 12, 2025, the FASB issued ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans to improve the accounting for purchased loans and address concerns raised by stakeholders since the issuance of the credit losses standard within Topic 326. Many stakeholders found that the credit losses standard for acquired financial assets, specifically having two distinct acquisition approaches for purchased credit-deteriorated (PCD) and non-PCD assets, created unnecessary complexity and reduced comparability.

Be sure to check out the Winter 2025 edition of Community Banking Advisor. The newsletter is a wealth of information, articles include: • Should Your Bank Outsource Its Internal Audit Program? • Assessing Asset Concentration • Maintain the Right Balance • BOLI: A Powerful Employee Benefit Tool • Bank Wire

Be sure to check out the Fall 2024 edition of Community Banking Advisor. The newsletter is a wealth of information, articles include: • Review, Revise, Repeat • Is It Time to Revisit Your Anti-Money Laundering Program? • How to Manage Liquidity Risk from Crypto-Assets • Best Practices for Building Customer Loyalty • Bank Wire

Be sure to check out the Summer 2024 edition of Community Banking Advisor. The newsletter is a wealth of information, articles include: • Keep It Fair • Stay Aligned with Fair Lending Practices • Is Your Bank Ready for FDICIA Compliance? • Consumer Reports Study Provides • Insights into Mobile Banking Apps • Bank Wire

Be sure to check out the Spring 2024 edition of Community Banking Advisor. The newsletter is a wealth of information, articles include: • Federal Court: Financial Institution Liable for ACH Fraud Losses • Know Your Risks • FAQs About Selling Mortgages on the Secondary Market • Staying Atop the New-And-Improved CRA Rules • Bank Wire

Adoption of ASU 2016-13 Measurement of Credit Losses on Financial Instruments (CECL) will have a significant impact on financial institutions and their allowance for loan and lease loss (ALLL) calculation. After many delays, the effective date of CECL for private companies is less than a year away.