Prior to early 2020, the U.S. was in unchartered territory as it relates to consecutive months of economic expansion, but the screeching halt to the U.S. economy due to COVID-19 crisis is unprecedented.Financial institutions still have the opportunity to respond proactively to help borrowers through this period of time. One of the best ways to identify potential problem loans is through loan portfolio stress testing.There is not a one size fits all, canned approach that applies to every institution's loan portfolio stress test and Elliott Davis tailors each test to fit your institution’s needs.We have prepared a downloadable PDF with information on stress testing.Contact our Financial Services Group with questions on stress testing and to see how we can assist.
“Elliott Davis" is the brand name under which Elliott Davis, LLC (doing business in North Carolina and D.C. as Elliott Davis, PLLC) and Elliott Davis Advisory, LLC and its subsidiary entities provide professional services. Elliott Davis, LLC and Elliott Davis Advisory, LLC and its subsidiary entities practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Elliott Davis, LLC is a licensed independent CPA firm that provides attest services to its customers. Elliott Davis Advisory, LLC and its subsidiary entities provide tax and business consulting services to their customers. Elliott Davis Advisory, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the Elliott Davis brand are each individual firms that are separate legal and independently owned entities and are not responsible or liable for the services and/or products provided by any other entity providing services and/or products under the Elliott Davis brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Elliott Davis, LLC and Elliott Davis Advisory, LLC.
