Nature of Operations and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Nature of Operations and Summary of Significant Accounting Policies [Abstract]

Schedule of Accounting Pronouncements Adopted and Not Yet Adopted

January 1, 2022

As Reported under ASU

2016-13

Pre-ASU 2016-13

Impact of ASU 2016-13

Adoption

(Dollars in thousands)

Assets:

Loans (outstanding balance)

Commercial and Industrial

$

843,024

$

1,401,681

$

(558,657)

Commercial and Industrial lines of credit

617,398

-

617,398

Energy

278,579

278,860

(281)

Commercial real estate

1,278,479

1,281,095

(2,616)

Construction and land development

574,852

578,758

(3,906)

Residential real estate

360,046

600,816

(240,770)

Multifamily real estate

240,230

-

240,230

PPP

-

64,805

(64,805)

Consumer

63,605

63,605

-

Gross Loans

4,256,213

4,269,620

(13,407)

Net deferred loan fees and costs

-

13,407

(13,407)

Allowance for credit losses on loans

56,628

58,375

(1,747)

Loans, net of the allowance for credit

losses on loans

4,199,585

4,197,838

1,747

Deferred tax asset

$

13,647

$

14,474

$

(827)

Liabilities

Allowance for credit losses on off-balance

sheet exposures

$

5,184

$

-

$

5,184

Stockholders' equity

Retained earnings

$

144,489

$

147,099

$

(2,610)

January 1, 2022

As Reported under ASU

2016-02

Pre-ASU 2016-02

Impact of ASU 2016-02

Adoption

(Dollars in thousands)

Assets:

Right-of-use asset

$

23,589

$

-

$

23,589

Liabilities:

Lease incentive

-

2,125

(2,125)

Accrued rent payable

-

904

(904)

Lease liability

$

26,618

$

-

$

26,618