December 31, 2022

January 1, 2023

(dollars in thousands)

As Previously Reported (Incurred Loss)

Impact of

CECL Adoption

As Reported Under CECL

Assets

Loans

Commercial and industrial

$

673

$

(11

)

$

662

Real estate construction

552

19

571

Real estate mortgage

2,575

87

2,662

Real estate commercial

4,499

1,048

5,547

Consumer

2,065

(365

)

1,700

Other

162

(137

)

25

Allowance for credit losses on loans

10,526

641

11,167

Liabilities:

Allowance for credit losses on unfunded credit exposure

51

350

401

Total allowance for credit losses

$

10,577

$

991

$

11,568