Watts & Associates, Inc.

SERVICES PROVIDED BY STEVE WATTS, CPA®, CIRA, WATTS & ASSOCIATES, INC

Field Examination / Business Reviews
Maximize the value of your loan portfolio by reducing loan loss exposure. Experienced field auditors will assess your collateral position and recommend advance rates based on performance and liquidation values.

Services include:

  • Detailed analysis of borrower’s financial statements, accounts receivable, and inventory that collateralize loans.
  • Analysis includes measuring the quality of the collateral, controls over the collateral, and recommended advance rates on the collateral.
  • Assessment of financial statement reliability, including the identification of weaknesses and recommendations to reduce credit risk.
  • Insightful analysis of your borrower’s true financial performance.
  • Evaluation of strengths and weaknesses of your collateral position and recommended actions to improve that position.

Crisis Management
If your borrower faces financial stress, Watts & Associates will provide an assessment of the borrower’s immediate cash requirements to continue operations and measure the impact on your collateral. We will also recommend an action plan to restore the business to profitability.

Services include:

Liquidation analysis under various scenarios and recommend a plan to maximize collateral values. Monitoring of actual-to-budget performance to maintain control over collateral. Support through the liquidation process, whether through an assignment for benefit of creditors, bankruptcy, or through the normal course of business.

Loan Review / Due Diligence
Our loan review services provide clients with thorough and efficient review of loan files and an unbiased analysis of reserve adequacy by experienced credit analyst.

Client Satisfaction
Our clients are our partners. Our mission is to quickly provide clients with the analysis and critical information they need to maximize the value of their loan. Watts & Associates has had the privilege of successfully serving the following financial institutions:

  • American Chartered Bank
  • American National Bank
  • Bank of America
  • Benchmark Bank
  • CIT Group
  • Firstar Bank
  • Harris Bank
  • Old Second National Bank
  • Pullman Bank