Adoption of New Accounting Standard (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Standards Update and Change in Accounting Principle [Abstract]

Summary of Impact to the Consolidated Balance Sheet as the Result of Adopting ASC 326

The following table presents the impact to the consolidated balance sheet as the result of adopting ASC 326 effective January 1, 2023.

(Dollars in thousands)	January 1, 2023 Post-ASC 326 Adoption			December 31, 2022 Pre-ASC 326 Adoption			Impact of ASC 326 Adoption
Assets:
Loans held for investment, net of deferred fees and costs	$	2,399,757		$	2,399,092		$	665
Allowance for credit losses		(26,961	)		(22,939	)		(4,022	)
Deferred tax asset, net		10,757			9,182			1,575
Liabilities:
Reserve for unfunded commitments1		5,504			1,812			3,692
Stockholders' Equity:
Retained earnings		102,788			108,262			(5,474	)
1 Included in other liabilities on the consolidated balance sheets