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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of the impact of ASC 326

    

January 1, 2023

As Reported

Impact of

(Dollars in thousands)

Under

Pre-ASC 326

ASC 326

 

ASC 326

 

Adoption

 

Adoption

Assets:

Loans

Commercial, financial and agricultural

$

634

$

740

$

(106)

Real estate - commercial

2,421

2,799

(378)

Real estate - construction:

 

 

 

1-4 family residential construction

183

104

79

Other construction loans

670

778

(108)

Real estate - mortgage

 

1,136

 

1,157

 

(21)

Obligations of states and political subdivisions

45

39

6

Personal

 

49

 

60

 

(11)

Allowance for credit losses on loans

$

5,138

$

5,677

$

(539)

Liabilities:

Allowance for credit losses on OBS credit exposures

$

448

$

8

$

440