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

8,526

9,233

(707)

Real estate construction

3,986

1,437

2,549

Commercial real estate

12,630

12,761

(131)

Total commercial

25,142

23,431

1,711

Consumer

Residential real estate first mortgage

8,126

5,857

2,269

Residential real estate junior lien

1,291

1,318

(27)

Other revolving and installment

444

540

(96)

Total consumer

9,861

7,715

2,146

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