Thanks Karen. Seems like that is what others are doing too.

________________________________
On: 18 June 2020 08:04,
"Tracey, Karen" <xxxxxx@univest.net<mailto:xxxxxx@univest.net>> wrote:

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We are adding a FASB FEE and COST record to each loan using the Straight Line Method.

Karen Tracey

AVP Loan Operations
Univest Financial Corporation
16 Harbor Place | PO Box 197 | Souderton, PA 18964
P (215) 721-8359 | F (215) 721-2472 |
xxxxxx@univest.net<mailto:xxxxxx@univest.net>

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From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com> On Behalf Of Linda Muffoletto
Sent: Wednesday, June 17, 2020 3:12 PM
To: 'xxxxxx@marug.simplelists.com' <xxxxxx@marug.simplelists.com>
Subject: [EXTERNAL] SilverLake MA-RUG PPP Loans - Fees and Costs

Hi all  - just wondering how everyone is handling the fees and costs for the Payroll Protection Program loans?  We were originally planning on handling them on a cash basis since it was only going to be 8 weeks.  Now that the time has extended, it looks like we will need to defer them. Are you using the deferred fees/costs in Silverlake?  What method of amortization are you using?

Thanks, Linda

Linda A. Muffoletto
Executive Vice President & Chief Operating Officer
Rosedale Federal Savings & Loan Association
9616 Belair Road
Baltimore, MD 21236
(P)410.668.4400 ext. 313
Cell 410.294.0587
(F)410.661.2297
xxxxxx@rosedalefederal.com<mailto:xxxxxx@rosedalefederal.com>

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