Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Change in Accounting Principles (Tables)

v3.23.1
Note 3 - Change in Accounting Principles (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Accounting Standards Update and Change in Accounting Principle [Table Text Block]
                   

As Reported Under

 

(Dollars in thousands)

 

Pre-ASC 326 Adoption

   

Impact of ASC 326

   

ASC 326

 

Allowance for credit losses

 

December 31, 2022

   

Adoption

   

January 1, 2023

 

Residential real estate

  $ 3,021     $ 1,719     $ 4,740  

Home equity

    410       632       1,042  

Commercial real estate

    5,784       1,446       7,230  

Construction and land development

    1,253       1,735       2,988  

Multifamily

    1,007       141       1,148  

Commercial business

    1,365       325       1,690  

Consumer

    57       22       79  

Manufactured homes

    -       112       112  

Government

    -       55       55  

Total allowance for credit losses on loans

  $ 12,897     $ 6,187     $ 19,084  

Accrued expenses and other liabilities

    -       3,108       3,108  

Total allowance for credit losses

  $ 12,897     $ 9,295     $ 22,192