picture of old bank Welcome -   CFO Analyst LLC assists community-oriented banking institutions with their financial systems, forecasting and budgeting applications, and reporting capabilities. With an extensive background working in community banking and in the software industry (core banking, new account platforms, etc.) that you can put to work. Community banks often can’t afford to directly hire professionals in areas handling accounting, analysis, and IT systems. We can help solve that gap.

  Outline of Basic Services
 
CECL Training & Project Planning This training includes preparation (no work or input required of bank) of 10 year historical net loan loss analysis report. Training is delivered online, covers fundamental accounting rules, suggested key project steps and milestones, and sample analysis and calculations.

Bank Performance Report & Review This is more analysis than training, but we include an online session where we review the resulting 19+ page analysis report. A comprehensive, high level, report that covers most financial aspects of your community bank and compares key ratios verse your peer group average.

CFO Analyst is also available for special projects, where work can be completed both remotely and onsite. A very competitive hourly rate is charged, for onsite visits a daily per diem plus mileage is charged. Minimum retainer is generally required.

We have updated our non-term deposit rate survey as of 10/1/2018, pulling in rates on NOW, money market, and savings account rates. New averages have been posted, just click on the Rate Comparisons link on the main navigation section to the left, enter your bank rates and submit to graph. Rates are trending up as you'd expect, but slowly as opposed to FRB changes.