---
title: Plansmith Blog | Jim Groark
---

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# Plansmith Blog

## Jim Groark

### Recent Posts

## [Why Every Financial Institution Should Budget for Multiple Scenarios](https://blog.plansmith.com/why-every-financial-institution-should-budget-for-multiple-scenarios)

 Posted by [Jim Groark](https://blog.plansmith.com/author/jim-groark) on 9/1/26, 7:08 AM

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[![](https://blog.plansmith.com/hubfs/Evaluate%20outcomes.png)](https://blog.plansmith.com/why-every-financial-institution-should-budget-for-multiple-scenarios)

Annual budgeting has always required financial institutions to make educated assumptions about the future. Loan growth, deposit trends, funding costs, operating expenses, and other variables all shape the strategic decisions that guide an institution through the coming year.

What’s changed in recent years is the level of uncertainty surrounding those assumptions. Shifts in customer behavior, margin pressure, changing economic conditions, and evolving growth expectations have reinforced an important reality: a budget built around a single set of assumptions may not provide management with the flexibility it needs when conditions change.

[Read More](https://blog.plansmith.com/why-every-financial-institution-should-budget-for-multiple-scenarios)

## [4 Reasons You Shouldn’t Wait to Implement CECL](https://blog.plansmith.com/4-reasons-you-shouldnt-wait-to-implement-cecl)

 Posted by [Jim Groark](https://blog.plansmith.com/author/jim-groark) on 6/9/20, 3:00 PM

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[![](https://blog.plansmith.com/hubfs/Ipad_High_Res-1.jpg)](https://blog.plansmith.com/4-reasons-you-shouldnt-wait-to-implement-cecl)

By now, you’re probably wondering what to do about CECL. Although it’s been delayed, the fact is that CECL is still happening. In our educated opinion, now is the time to start finalizing CECL plans.

Here are four reasons why we believe financial institutions shouldn’t wait to implement CECL.

[Read More](https://blog.plansmith.com/4-reasons-you-shouldnt-wait-to-implement-cecl)

## [Do It Yourself CECL](https://blog.plansmith.com/diy-cecl)

 Posted by [Jim Groark](https://blog.plansmith.com/author/jim-groark) on 12/24/19, 10:24 AM

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[![notebook-2386034\_1920](https://blog.plansmith.com/hubfs/notebook-2386034_1920.jpg)](https://blog.plansmith.com/diy-cecl)

Over the past 20 years I’ve experienced the usual ups and downs of home ownership. A leaky roof, a flooded basement, as well as the two-week bathroom remodel that turned into an eight-week job. I’ve seen it all. At first, I tried to tackle many home projects on my own. I soon discovered that I was a pretty good painter and a really bad plumber. After I accidentally caused an upstairs toilet to leak into the family room ceiling, I resolved to get help from a trusted plumber that had the proper tools and know-how to get any plumbing job done right.

[Read More](https://blog.plansmith.com/diy-cecl)

## [Top 3 Takeaways on the WARM Method from the April 11, 2019 ‘Ask the Regulators’ CECL Webinar](https://blog.plansmith.com/top-3-takeaways-on-the-warm-method-from-the-april-11-2019-ask-the-regulators-cecl-webinar)

 Posted by [Jim Groark](https://blog.plansmith.com/author/jim-groark) on 6/3/19, 11:24 AM

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[![PS\_splash\_image\_screenshot-3](https://blog.plansmith.com/hubfs/PS_splash_image_screenshot-3.png)](https://blog.plansmith.com/top-3-takeaways-on-the-warm-method-from-the-april-11-2019-ask-the-regulators-cecl-webinar)

I watched the CECL WARM Method webinar provided by FASB and the regulatory agencies. I thought the webinar provided a very thorough review of the Weighted-Average Remaining Maturity (WARM) Method. If you haven’t had a chance to watch it yet, [**click here**](https://www.webcaster4.com/Player/Index?webcastId=29509&g=3ddfef1c-ad2e-427f-b21a-9db27facf111&uid=5196536&sid=) to view it now.

[Read More](https://blog.plansmith.com/top-3-takeaways-on-the-warm-method-from-the-april-11-2019-ask-the-regulators-cecl-webinar)

## [How to Get Someone to Do What You Want](https://blog.plansmith.com/how-to-get-someone-to-do-what-you-want)

 Posted by [Jim Groark](https://blog.plansmith.com/author/jim-groark) on 2/17/16, 10:30 AM

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[![HowToGetSomeoneToDoWhatYouWant.jpg](https://blog.plansmith.com/hubfs/HowToGetSomeoneToDoWhatYouWant.jpg)](https://blog.plansmith.com/how-to-get-someone-to-do-what-you-want)

One of the worst ways to get someone to do something you want is to tell them what to do. Most parents learn that lesson the hard way. The better way to incent certain behaviors is to have the other person see the benefit of exhibiting the desired behavior.

[Read More](https://blog.plansmith.com/how-to-get-someone-to-do-what-you-want)

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