Consolidated Report of Condition and Income (Call Report) for Bank with Domestic Offices Only and Total Assets Less than $5 Billion - FFIEC 051

FFIEC 051
Draft Instructions for Call Report Revisions
Proposed to Take Effect as of the
December 31, 2025, Report Date
The following draft instructions, which are subject to change,
present the pages from the FFIEC 051 Call Report instructions as
they are proposed to be revised, subject to final approval by the
Office of Management and Budget.
These proposed revisions are described in the federal banking
agencies’ initial Paperwork Reduction Act (PRA) Federal Register
notice published in the Federal Register on September 28, 2023 (see
FIL-53-2023, dated October 2, 2023) and final PRA Federal Register
notice published on May 22, 2024 (see FIL-26-2024, dated May
23, 2024). As discussed in the agencies' final PRA Federal Register
notice published in the Federal Register on July 11, 2025, the
agencies are finalizing instructional revisions related to the length of
time that loan modifications to borrowers experiencing financial
difficulty would be reported in the Call Report.
The PRA Federal Register notices are available on the FFIEC
webpage for the FFIEC 051 Call Report.

Draft as of July 11, 2025

RC-C - LOANS AND LEASES

FFIEC 051

Part I. (cont.)
Memoranda
Item No.

Caption and Instructions

NOTE: Schedule RC-C, Part I, Memorandum items 1.a.(1) through 1.f.(5), are to be completed
semiannually in the June and December reports only. Memorandum item 1.g is to be completed
quarterly.
1

Loan modifications to borrowers experiencing financial difficulty that are in
compliance with their modified terms. Report in the appropriate subitem loans that have
been modified to borrowers experiencing financial difficulty and are in compliance with their
modified terms.

AF
T

Institutions are required for financial reporting purposes to disclose modifications to
borrowers experiencing financial difficulty if such modifications include principal forgiveness,
an interest rate reduction, an other-than-insignificant payment delay, or a term extension (or a
combination thereof). For purposes of this Memorandum item, report loan modifications to
borrowers experiencing financial difficulty that are performing in accordance with their
modified termsreport all loan modifications to borrowers experiencing financial difficulty, as
described in ASU 2022-02, which occurred in the previous 12 months, that are performing in
accordance with their modified terms, unless the loan meets the conditions that would require
it to be reported in Schedule RC-N, Memorandum item 1.
A loan to a third-party purchaser of "other real estate owned" by the reporting bank for the
purpose of facilitating the disposal of such real estate is not considered a loan modification to
a borrower experiencing financial difficulty. For further information, see the Glossary entry for
"Loan Modifications to Borrowers Experiencing Financial Difficulty."

R

Include in the appropriate subitem loan modifications to borrowers experiencing financial
difficulty as defined above that are in compliance with their modified terms, that is,
restructured loans (1) on which all contractual payments of principal or interest scheduled
that are due under the modified repayment terms have been paid or (2) on which contractual
payments of both principal and interest scheduled under the modified repayment terms are
less than 30 days past due.

D

Exclude from this item (1) those loan modifications to borrowers experiencing financial
difficulty on which under their modified repayment terms either principal or interest is 30 days
or more past due and (2) those loan modifications to borrowers experiencing financial
difficulty that are in nonaccrual status under their modified repayment terms. Report such
loan modifications in the category and column appropriate to the loan in Schedule RC-N,
items 1 through 7, column A, B, or C, and in Schedule RC-N, Memorandum items 1.a through
1.f, column A, B, or C.
Loan amounts should be reported net of unearned income to the extent that they are reported
net of unearned income in Schedule RC-C, Part I.

FFIEC 051

RC-C-24
(12-256-24)

RC-C - LOANS AND LEASES

FFIEC 051

RC-N - PAST DUE

Memoranda
Item No.

Caption and Instructions

NOTE: Schedule RC-N, Memorandum items 1.a.(1) through 1.f.(5), are to be completed semiannually in
the June and December reports only. Memorandum item 1.g is to be completed quarterly.
Loan modifications to borrowers experiencing financial difficulty included in Schedule
RC-N, items 1 through 7, above. Report in the appropriate subitem and column loans that
have been modified to borrowers experiencing financial difficulty (as described in “Definitions”
above) and are past due, under their modified repayment terms, 30 days or more or are in
nonaccrual status as of the report date. Modified loans reported in these subitems should meet
the definition of loan modifications to borrowers experiencing financial difficulty, as described
in ASU 2022-02, which occurred in the previous 12 months. Such loans will have been
included in one or more of the loan categories in items 1 through 7 of this schedule. Exclude
loans modified to borrowers experiencing financial difficulty that are in compliance with their
modified terms (report in Schedule RC-C, Part I, Memorandum item 1),

AF
T

1

For further information, see the Glossary entry for "Loan Modifications to Borrowers
Experiencing Financial Difficulty."
1.a

Construction, land development, and other land loans:

1-4 family construction loans. Report in the appropriate column all loans secured by real
estate for the purpose of constructing 1-4 family residential properties included in item 1.a.(1)
of this schedule that have been modified to borrowers experiencing financial difficulty.

1.a.(2)

Other construction loans and all land development and other land loans. Report in
the appropriate column all construction loans for purposes other than constructing 1-4 family
residential properties, all land development loans, and all other land loans included in
item 1.a.(2) of this schedule that have been modified to borrowers experiencing financial
difficulty.

1.b

Loans secured by 1-4 family residential properties. Report in the appropriate column all
loans secured by 1-4 family residential properties included in item 1.c of this schedule that
have been modified to borrowers experiencing financial difficulty.

1.c

Loans secured by multifamily (5 or more) residential properties. Report in the
appropriate column all loans secured by multifamily (5 or more) residential properties
included in item 1.d of this schedule that have been modified to borrowers experiencing
financial difficulty.

D

R

1.a.(1)

1.d

Secured by nonfarm nonresidential properties:

1.d.(1)

Loans secured by owner-occupied nonfarm nonresidential properties. Report in the
appropriate column all loans secured by owner-occupied nonfarm nonresidential properties
included in item 1.e.(1) of this schedule that have been modified to borrowers experiencing
financial difficulty.

1.d.(2)

Loans secured by other nonfarm nonresidential properties. Report in the appropriate
column all nonfarm nonresidential real estate loans not secured by owner-occupied nonfarm
nonresidential properties included in item 1.e.(2) of this schedule that have been modified to
borrowers experiencing financial difficulty.

FFIEC 051

RC-N-9
(12-25)

RC-N - PAST DUE