Southern California Bancorp Adopts CECL and Reports $3.9 Million Decrease in Retained Earnings
Track all markets on TradingView Southern California Bancorp (ticker: BCAL), a commercial banking institution, recently adopted the Accounting Standard Update (ASU) 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326),” which replaces the incurred loss impairment methodology with a current expected credit losses (CECL) methodology. This change required the company to consider its historical […]