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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

January 1, 2023

(Dollars in thousands)

As Reported Under Topic 326

Pre
Topic 326

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

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)