BanqLogix provides ASC 310-30 (fka SOP 03-3) and 310-20 (fka SFAS 91) proprietary software and related consulting and accounting services involving acquired loan portfolios including the determination of Gain on Bargain Purchase or Goodwill and components of the Portfolio Mark.
As part of an open market or FDIC assisted acquisition, the acquiring Bank will obtain loan reviews from CEIS Review whose analyses are utilized by BanqLogix, creating synergies between the two organizations. BanqLogix’s automated solution contains unique functionality to provide initial and subsequent acquired loan accounting whereby core earnings of the acquiring Bank are protected from the uncertainty of the acquired loan portfolio. In addition, Quarterly Call Report schedules, financial statement disclosures and valuable management reporting is automatically generated.
At DR Risk Solutions, we specialize in Enterprise Risk Management. Everything we do is intended to drive corporate and shareholder value on a risk-adjusted basis. This means we deliver management processes fully integrated into the strategic plan of your enterprise.
We have over 30 years of experience helping banks manage risk. Led by Dan Rothstein, an expert in the field of risk management, we offer a wide range of services targeted at small and medium sized banks. Visit us at drrisksolutions.com for more information.