(in thousands)

As Reported
Under ASU

2016-13

Pre-ASU

2016-13

Impact of
ASU

2016-13

Adoption

Assets:

Allowance for credit losses on debt securities available for sale:

Mortgage-backed securities

$

—

$

—

$

—

Debt securities

—

Total allowance for credit losses on securities available for sale

$

—

$

—

$

—

Loans

Multi-family

$

104,918

$

96,751

$

8,167

Commercial real estate

12,543

20,744

(8,201

)

One-to-four

family

1,655

1,051

604

Acquisition, development, and construction

3,678

4,148

(470

)

Commercial and industrial

26,613

24,819

1,794

Other

142

125

17

Total allowance for

loan and lease

losses

$

149,549

$

147,638

$

1,911

Liabilities:

Allowance for credit losses on

off-balance

sheet credit exposures

$

12,990

$

461

$

12,529

Equity:

Decrease in retained earnings, before tax

$

14,440