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Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Standards Update 2016-13 [Member]  
Schedule of impact of adopting Topic 326

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​

​

​

​

​

​

January 1, 2023

(Dollars in thousands)

​

As Reported Under Topic 326

​

Pre
Topic 326

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Impact of Topic 326 Adoption

Assets

​

​

​

​

​

​

Allowance for credit losses on loans

​

​

​

​

​

​

Commercial real estate

$

5,202

$

6,345

$

(1,143)

Acquisition and development

​

964

​

979

​

(15)

Commercial and industrial

​

4,179

​

2,845

​

1,334

Residentail mortgage

​

5,272

​

3,160

​

2,112

Consumer

​

1,085

​

877

​

208

Unallocated

​

-

​

430

​

(430)

Allowance for Credit Losses on Loans

$

16,702

$

14,636

$

2,066

Assets:

​

​

​

​

​

​

Investment securities- available for sale (at fair value)

$

125,889

$

125,889

$

-

Investment securities- held to maturity

​

245,659

​

245,659

​

-

Total loans held for investments, net

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1,262,792

​

1,264,858

​

(2,066)

Net deferred tax asset

​

11,381

​

10,605

​

776

Liabilities:

​

​

​

​

​

​

Life-of-loss reserve on unfunded loan commitments

$

998

$

133

$

865

Equity:

​

​

​

​

​

​

Retained earnings

$

149,638

$

151,793

$

(2,155)

​