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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Recent Accounting and Regulatory Pronouncements

Summary of reclassification and correction

​

​	​	​	​	​
(Dollars in thousands)	​	December 31,		​
BALANCE SHEET	​	2021		​
Assets:	​	​	​	​
Effect to deposits in other financial institutions (restricted cash)	​	$	(121,576)	​
Net effect to total assets	​	$	(121,576)	​
​	​	​	​	​
Liabilities:	​	​	​	​
Effect to derivative liabilities	​	$	(121,576)	​
Net effect to total liabilities	​	$	(121,576)	​
​	​	​	​	​
Shareholders’ equity	​	​	​	​
Effect to shareholders' equity	​	$	—	​
​	​	$	—	​

​

​	​	​	​	​
(Dollars in thousands)	​	Year Ended December 31,		​
INCOME STATEMENT		2021		​
Interest income:	​	​	​	​
Effect to interest income on federal funds sold and interest-earning	​	​	​
deposits with banks	​	$	(43)	​
Net effect to interest income	​	$	(43)	​
Net effect to net interest income		$	(43)
​	​	​	​	​
Noninterest Income:	​	​	​	​
Effect to correspondent banking and capital market income	​	$	43	​
Net effect to noninterest income	​	$	43	​
Net effect to net income	​	$	—	​

​

​	​	​	​	​	​	​
As of December 31, 2021	​	​	​	% Effect		​
Effect to Tier 1 leverage ratio	​	Consolidated	​	0.03	%	​
​	​	Bank	​	0.03	%	​
Effect to CET 1 risk-based capital ratio	​	Consolidated	​	0.01	%	​
​	​	Bank	​	0.01	%	​
Effect to Tier 1 risk-based capital ratio	​	Consolidated	​	0.01	%	​
​	​	Bank	​	0.01	%	​
Effect to Total risk-based capital ratio	​	Consolidated	​	0.01	%	​
​	​	Bank	​	0.01	%	​

X

- References

No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

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