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.