Summary of Significant Accounting and Reporting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Impact of ASU 2016-13 on Allowance for Credit Losses

The following table reflects the impact of ASU 2016-13 on our allowances for credit losses as of January 1, 2020, the date of adoption:

	January 1, 2020
	Pre-Adoption		Impact of Adoption		Post-Adoption
ASSETS
Allowance for loan losses
Loans:
Real estate loans:
Construction	$	3,539	$	2,953	$	6,492
1-4 family residential	3,833		(1,453)		2,380
Commercial	9,572		8,063		17,635
Commercial loans	6,351		(3,554)		2,797
Municipal loans	570		(522)		48
Loans to individuals	932		(184)		748
Allowance for loan losses	$	24,797	$	5,303	$	30,100
LIABILITIES
Allowance for off-balance-sheet credit exposures	$	1,455	$	4,840	$	6,295