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Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2023
Accounting Standards Update 2016-13 [Member]  
Schedule of impact of adopting Topic 326

January 1, 2023

(Dollars in thousands)

As Reported Under ASU 2016-13

Pre
ASU 2016-13

Impact of ASU 2016-13 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)