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Recently Issued Accounting Pronouncements (Tables)
 3 Months Ended
Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of Impact of Adoption
The following table illustrates the impact of the adoption of the CECL model under ASC 326 on the Company’s consolidated statements of financial position as of January 1, 2020:

 
January 1, 2020
 
Pre-CECL Adoption
 
Impact of CECL Adoption
 
As Reported Under CECL
 
(Dollars in thousands)
Assets:
 
 
 
 
 
Allowance for credit losses on debt securities:
 
 
 
 
 
Held-to-maturity
$
—

 
$
—

 
$
—

Available-for-sale
—

 
—

 
—

Allowance for credit losses on loans:
 
 
 
 
 
Investor loans secured by real estate
9,027

 
16,072

 
25,099

Business loans secured by real estate
5,492

 
27,572

 
33,064

Commercial loans
20,118

 
9,519

 
29,637

Retail loans
1,061

 
2,523

 
3,584

Deferred tax (liabilities) assets
(1,371
)
 
18,346

 
16,975

Liabilities:
 
 
 
 
 
Allowance for credit losses on off-balance sheet credit exposures
$
3,279

 
$
8,285

 
$
11,564

Stockholders' equity:
 
 
 
 
 
Retained earnings
$
396,051

 
$
(45,625
)
 
$
350,426