January 1, 2023

As reported

Pre-tax impact of

(dollars in thousands)

under

Pre-ASC 326

ASC 326

Assets:

ASC 326

Adoption

Investments

Held-to-maturity

Obligations of state and political agencies

$

110

$

—

$

110

Mortgage backed securities

Residential agency

62

—

62

Total allowance for held-to-maturity investment securities

172

—

172

Loans

Commercial

Commercial and industrial

8,296

9,158

(862)

Real estate construction

3,964

1,446

2,518

Commercial real estate

12,264

12,688

(424)

Total commercial

24,524

23,292

1,232

Consumer

Residential real estate first mortgage

7,849

5,769

2,080

Residential real estate junior lien

1,222

1,289

(67)

Other revolving and installment

424

528

(104)

Total consumer

9,495

7,586

1,909

Unallocated

984

268

716

Total allowance for loans

35,003

31,146

3,857

Allowance for credit losses on loans and investments securities

$

35,175

$

31,146

$

4,029

Liabilities:

Allowance for credit losses on unfunded commitments

$

5,159

$

3,244

$

1,915