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Current Accounting Developments (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Changes And Error Corrections [Abstract]  
Schedule of Impact of ASC 326 on Allowance for Credit Losses

The following table illustrates the impact of ASC 326 on the Company’s allowance for credit losses (in thousands):

 

 

 

January 1, 2020

 

 

 

As Reported

 

 

 

 

 

 

Impact of

 

 

 

Under

 

 

Pre-ASC 326

 

 

ASC 326

 

Allowance for credit losses

 

ASC 326

 

 

Adoption

 

 

Adoption

 

Commercial - Purchase

 

$

323

 

 

$

304

 

 

$

19

 

Commercial - Refinance

 

 

1,078

 

 

 

1,016

 

 

 

62

 

Residential 1-4 Unit - Purchase

 

 

157

 

 

 

148

 

 

 

9

 

Residential 1-4 Unit - Refinance

 

 

819

 

 

 

772

 

 

 

47

 

Total

 

$

2,377

 

 

$

2,240

 

 

$

137