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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Impact of Adopting ASU 2016-13

The following table presents the impact of adopting ASU 2016-13 on January 1, 2020:

($ in thousands)		As Reported Under ASC 326				Pre- ASC 326 Adoption				Impact of ASC 326 Adoption
Assets:
Allowance for credit losses - loans
Commercial:
Commercial and industrial		$	23,015			$	22,353			$	662
Commercial real estate		10,788				5,941				4,847
Multi-family		13,214				11,405				1,809
SBA		3,508				3,120				388
Construction		4,009				3,906				103
Consumer:
Single family residential mortgage		10,066				10,486				(420		)
Other consumer		658				438				220
Total		65,258				57,649				7,609
Liabilities:
Allowance for credit losses - unfunded loan commitments		$	2,838			$	4,064			$	(1,226	)

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
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-Section 45
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

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