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MODEL AUDITED FINANCIAL STATEMENTS:

Section titled “MODEL AUDITED FINANCIAL STATEMENTS:”
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MODEL IFRS FINANCIAL STATEMENTS:

Section titled “MODEL IFRS FINANCIAL STATEMENTS:”
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ILLUSTRATIVE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
International Financial Reporting Standards (IFRS)
2
3
A Layout (International) Group Ltd
Annual report and financial statements
For the year ended 31 December 2020
IFRSs for on-going users
4
This publication has been carefully prepared, but it has been written in general terms and should be
seen as broad guidance only. The publication cannot be relied upon to cover specific situations and
you should not act, or refrain from acting, upon the information contained therein without
obtaining specific professional advice. Please contact your respective BDO member firm to discuss
these matters in the context of your particular circumstances. Neither BDO IFR Advisory Limited,
Brussels Worldwide Services BV, BDO International Limited and/or BDO member firms, nor their
respective partners, employees and/or agents accept or assume any liability or duty of care for any
loss arising from any action taken or not taken by anyone in reliance on the information in this
publication or for any decision based on it.
Service provision within the international BDO network of independenW membeU fiUmV (¶Whe BDO
neWZoUk·) in connecWion ZiWh IFRS (compUiVing InWeUnaWional Financial RepoUWing SWandaUdV,
International Accounting Standards, and Interpretations developed by the IFRS Interpretations
Committee and the former Standing Interpretations Committee), and other documents, as issued by
the International Accounting Standards Board, is provided by BDO IFR Advisory Limited, a UK
registered company limited by guarantee. Service provision within the BDO network is coordinated
by Brussels Worldwide Services BV, a limited liability company incorporated in Belgium with its
statutory seat in Brussels.
Each of BDO International Limited (the governing entity of the BDO network), Brussels Worldwide
Services BV, BDO IFR Advisory Limited and the member firms is a separate legal entity and has no
liabiliW\ foU anoWheU VXch enWiW\·V acWV oU omiVVionV. NoWhing in Whe aUUangemenWV oU UXleV of Whe BDO
network shall constitute or imply an agency relationship or a partnership between BDO International
Limited, Brussels Worldwide Services BV, BDO IFR Advisory Limited and/ or the member firms of the
BDO network.
BDO is the brand name for the BDO network and for each of the BDO member firms.
© 2020 BDO IFR Advisory Limited, a UK registered company limited by guarantee. All rights
reserved.
www.bdo.global
5
Effects of COVID-19
COVID-19 has interrupted the movement of people and goods throughout the world, as well as
affecting the profitability and long-term viability of many entities.
The IASB amended IFRS 16 Leases in May 2020 to modify the requirements of that standard for lease
modifications, however, the remaining requirements of IFRS have not changed as a result of COVID-
19.
These illustrative financial statements reflect changes to the requirements of IFRS; however, they
have not been modified to reflect common effects of COVID-19 (e.g. government grants,
impairment, etc.). BDO will publish a supplementary publication in Q4 2020, with illustrative
examples of disclosures that may arise as a result of COVID-19, including, but not limited to:
x Going concern uncertainty;
x Impairment of financial and non-financial assets;
x Government assistance; and
x Modifications of financial liabilities.
For more information on the financial reporting implications of COVID-19, refer to BDO·V Global IFRS
microsite.
Future developments concerning financial statement presentation and disclosures
At the time of publishing, the IASB has several projects ongoing that could have significant effects on
how entities present their financial statements and the related disclosures. These include:
(a) Disclosure initiative ² accounting policies: in August 2019, the IASB published an exposure
draft of narrow-scope amendments to IAS 1 and the non-mandatory IFRS Practice Statement
2 Making Materiality Judgments. These amendments were intended to help entities provide
useful accounting policies disclosures. The exposure draft proposed Wo UeqXiUe ¶maWeUial·
accoXnWing policieV Wo be diVcloVed UaWheU Whan Whe cXUUenW ZoUding of ¶VignificanW·. The
proposals also established how an entity should evaluate whether an accounting policy is
material or not, and therefore whether it should be disclosed. At the time of publishing, these
amendments are expected to be issued in December 2020, but the amendments to IAS 1 will
not be mandatorily effective for 31 December 2020 financial statements.
(b) Disclosure initiative ² targeted standards-level review of disclosures: this project aims to
perform a targeted standards-level review of disclosure requirements. The Board is
developing guidance to be used when developing and drafting disclosure objectives and
requirements in the future and testing the guidance by applying it to sections IAS 19 and IFRS
13. An exposure draft of the amendments to the disclosure requirements of IAS 19 and IFRS
13 are expected in Q1 2021.
(c) General presentation and disclosure: In December 2019, the IASB published an exposure draft.
The proposed standard would bring forward some of the current requirements of IAS 1,
however, it would introduce significant changes in a number of areas. The exposure draft
proposed that the statement of financial performance would contain defined specific totals
and subtotals by requiring items of income and expense to be categorised. This would create
consistency between entities preparing IFRS-compliant financial statements. The exposure
draft also proposed requirements surrounding hoZ ¶managemenW peUfoUmance meaVXUeV·
(MPMs) should be presented. MPMs are amounts that would be presented in the notes to the
financial statements, and are based on subtotals and totals specified by IFRS, but may make
YaUioXV ¶non-GAAP· adjXVWmenWV. CommenWV on Whe e[poVXUe draft were open until 30
September 2020.
6
New and updated for December 2020 year ends
FoU annXal UepoUWing peUiodV beginning on oU afWeU 1 JanXaU\ 2020, Whe folloZing aUe neZl\ effecWiYe
UeqXiUemenWV (ZiWh Whe e[cepWion of amendmenWV Wo IFRS 16; Vee noWe on effecWiYe daWe beloZ):
IFRS IASB Effective Date Note in illustrative
financial statements
EU Endorsement
status
IAS 1 Presentation of Financial
Statements and IAS 8 Accounting
Policies, Changes in Accounting
Estimates and Errors (Amendment
² Disclosure Initiative - Definition
of Material)
1 January 2020
1 Endorsed
IFRS 3 Business Combinations
(Amendment ² Definition of
Business)
1 January 2020
1 Endorsed
Conceptual Framework for
Financial Reporting (Revised)
1 January 2020
1 Endorsed
IBOR Reform and its Effects on
Financial Reporting ² Phase 1
1 January 2020*
25 Endorsed
Covid-19-Related Rent
Concessions ² Amendment to IFRS
16
1 June 2020** 1, 15 Endorsed
*These amendments are not mandatorily effective until 1 January 2020, however, A Layout adopted them earlier than
required in their 31 December 2019 financial statements.
**Covid-19-Related Rent Concessions ² Amendment to IFRS 16 is mandatorily effective for annual reporting periods beginning
on or after 1 June 2020, however, it may be adopted immediately as of the date of issuance, 28 May 2020. In these
illustrative financial statements, it has been assumed that A Layout has adopted the amendments. These amendments were
endorsed by the European Union on 12 October 2020.
InWeUeVW RaWe BenchmaUk RefoUm ² PhaVe 2 inWUodXceV amendmenWV Wo IFRS 9, IAS 39, IFRS 7, IFRS 4
and IFRS 16 and iV noW mandaWoUil\ effecWiYe XnWil annXal peUiodV beginning on oU afWeU 1 JanXaU\ 2021,
hoZeYeU , man\ enWiWieV aUe e[pecWed Wo adopW Whe amendmenWV eaUl\. AV VXch, WheVe illXVWUaWiYe
financial VWaWemenWV inclXde Whe effecW of Whe adopWion of WheVe amendmenWV. See noWeV 1 and 28.

MODEL US GAAP FINANCIAL STATEMENTS:

Section titled “MODEL US GAAP FINANCIAL STATEMENTS:”
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Smart Decisions. Lasting Value.™
Illustrative Financial Statements for 2019
Financial Institutions
November 2019
Crowe LLP  Financial Institutions
Illustrative Financial Statements for 2019  November 2019
© 2019 Crowe LLP  www.crowe.com
2.
Table of Contents
Consolidated Balance Sheets ............................................................................................................. 5
Consolidated Statements of Income .................................................................................................... 6
Consolidated Statements of Comprehensive Income, ......................................................................... 8
Consolidated Statements of Changes in Shareholders’ Equity ......................................................... 10
Consolidated Statements of Cash Flows........................................................................................... 11
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS .................................................................. 13
Note 1 - Summary of Significant Accounting Policies ....................................................................... 13
Note 2 – Securities ............................................................................................................................ 30
Note 3 – Loans .................................................................................................................................. 35
Note 4 – Real Estate Owned ............................................................................................................. 50
Note 5 – Fair Value ............................................................................................................................ 51
Note 6 – Loan Servicing (use this when amortization method is used) ............................................ 64
Note 6A – Loan Servicing (use this when fair value method is used) ............................................... 65
Note 7 – Premises And Equipment ................................................................................................... 66
Note 8 – Leases ................................................................................................................................. 67
Note 9 – Goodwill And Intangible Assets .......................................................................................... 71
Note 9a – Goodwill And Intangible Assets ........................................................................................ 72
Note 10 – Deposits ............................................................................................................................ 74
Note 11 – Securities Sold Under Agreements To Repurchase ......................................................... 74
Note 12 – Federal Home Loan Bank Advances ................................................................................ 75
Note 13 – Long-Term Debt ................................................................................................................ 75
Note 14 – Subordinated Debentures ................................................................................................. 76
Note 15 – Pension And Other Postretirement Plans ......................................................................... 76
Note 16 – Other Benefit Plans ........................................................................................................... 83
Note 17 – ESOP Plan ........................................................................................................................ 84
Note 18 – Income Taxes.................................................................................................................... 84
Note 19 – Related-Party Transactions .............................................................................................. 87
Note 20 – Stock-Based Compensation ............................................................................................. 87
Note 21 – Regulatory Capital Matters ............................................................................................... 89
Note 22 – Derivatives ........................................................................................................................ 91
Note 23 – Loan Commitments And Other Related Activities............................................................. 99
Note 24 – Business Combination ...................................................................................................... 99
Note 25 – Parent Company Only Condensed Financial Information .............................................. 102
Note 26 – Earnings Per Share ......................................................................................................... 104
Note 27 – Accumulated Other Comprehensive Income (Loss) ....................................................... 106
Note 28 – Segment Information ....................................................................................................... 110
Note 29 – Quarterly Financial Data (Unaudited) ............................................................................. 112
Note 30 – Offsetting Assets And Liabilities ...................................................................................... 113
Note 31 – Qualified Affordable Housing Project Investments ......................................................... 114
Note 32 - Revenue From Contracts with Customers ....................................................................... 114
END NOTES ........................................................................................................................................ 117
The information in this document is not – and is not intended to be – audit, tax, accounting, advisory, risk, performance, consulting,
business, financial, investment, legal, or other professional advice. Some firm services may not be available to attest clients. The
information is general in nature, based on existing authorities, and is subject to change. The information is not a substitute for
professional advice or services, and you should consult a qualified professional adviser before taking any action based on the
information. Crowe is not responsible for any loss incurred by any person who relies on the information discussed in this document.
Visit www.crowe.com/disclosure for more information about Crowe LLP, its subsidiaries, and Crowe Global. © 2019 Crowe LLP.
Crowe LLP  Financial Institutions
Illustrative Financial Statements for 2019  November 2019
© 2019 Crowe LLP  www.crowe.com
3.
About These Illustrative Financial Statements
These illustrative financial statements – which are examples for bank holding companies, including
community banks, thrifts, and other financial institutions – contain common disclosures as required under
U.S. GAAP, as well as rules and regulations of the U.S. Securities and Exchange Commission (SEC),
including financial statement requirements in Article 9 of Regulation S-X. Of course, these statements do
not address all possible scenarios.
The form and content of financial statements remain the responsibility of management, and individual
facts and circumstances, as well as the requirements of the applicable accounting standards or SEC rules
and regulations, should be considered. Intended for general informational purposes only, the conte nt in
this document should not be used as a substitute for consultation with professional accounting, tax, legal,
and other advisers.
Recent Developments
Certain Accounting Standards Updates (ASUs) issued over the past 12 months could have a significant
near-term impact on the accounting and financial reporting of financial institutions. For a full recap of
recently issued and effective standards from the Financial Accounting Standards Board (FASB) for both
public and private entities, as well as accounting and financial reporting developments from the federal
financial insti