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Note 2: Organization and Summary of Significant Accounting Policies: New Accounting Pronouncements: Schedule of Adoption of ASU 2016-30 (Tables)
3 Months Ended
Sep. 30, 2020
Tables/Schedules  
Schedule of Adoption of ASU 2016-30

 

 

July 1, 2020

 

As reported

As reported

Impact of

 

under

prior to

adoption

(dollars in thousands)

ASU 2016-13

ASU 2016-13

ASU 2016-13

Loans receivable

$              2,142,363

$              2,141,929

$                         434

Allowance for credit losses on loans:

 

 

 

Real Estate Loans:

 

 

 

     Residential

                      8,396

                      4,875

                      3,521

     Construction

                        1,889

                        2,010

                         (121)

     Commercial

                      15,988

                      12,132

                        3,856

Consumer loans

                        2,247

                        1,182

                        1,065

Commercial loans

                        5,952

                        4,940

                        1,012

Total allowance for credit losses on loans

$                    34,472

$                    25,139

$                      9,333

 

 

 

 

Total allowance for credit losses on
    off-balance sheet credit exposures

$                      2,227

$                      1,959

$                         268