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Effect of New Financial Accounting Standards (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Schedule of Impacts from New Accounting Pronouncements
The following table illustrates the impact of ASC 326 on the allowance for credit losses on loans and the liability for off-balance sheet credit exposures:
January 1, 2020
Pre-ASC 326 AdoptionImpact of ASC 326 AdoptionAs Reported Under ASC 326
(in thousands)
Assets:
Loans
Agricultural$3,748  $(2,557) $1,191  
Commercial and industrial8,394  2,728  11,122  
Commercial real estate13,804  1,300  15,104  
Residential real estate2,685  2,050  4,735  
Consumer448  463  911  
Allowance for credit losses on loans$29,079  $3,984  $33,063  
Liabilities:
Liability for off-balance sheet credit exposures$—  $3,433  $3,433