XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.20.2

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Credit Loss [Abstract] |
Schedule of Impact of ASC 326 | The following table illustrates the impact of the January 1, 2020 adoption of CECL on held to maturity debt securities (in thousands):
|  | January 1, 2020
|  | As reported under CECL |  | Prior to CECL |  | Impact of CECL adoption
Held to Maturity Debt Securities |  |  |  |  |  |
Allowance for credit losses on corporate securities |  | $ | 6 |  |  | — |  |  | 6 |
Allowance for credit losses on municipal securities |  | 64 |  |  | — |  |  | 64 |
Allowance for credit losses on held to maturity debt securities |  | $ | 70 |  |  | — |  |  | 70 |
The following table illustrates the impact of the January 1, 2020 adoption of CECL on the allowance for credits for the loan portfolio (in thousands):
|  | January 1, 2020
|  | As reported under CECL |  | Prior to CECL |  | Impact of CECL adoption
Loans |  |  |  |  |  |
Residential |  | $ | 8,950 |  |  | 3,411 |  |  | 5,539 |
Commercial |  | 17,118 |  |  | 12,885 |  |  | 4,233 |
Multi-family |  | 9,519 |  |  | 3,370 |  |  | 6,149 |
Construction |  | 4,152 |  |  | 5,885 |  |  | (1,733) |
Total mortgage loans |  | 39,739 |  |  | 25,551 |  |  | 14,188 |
Commercial loans |  | 18,254 |  |  | 28,228 |  |  | (9,974) |
Consumer loans |  | 5,452 |  |  | 1,746 |  |  | 3,706 |
Allowance for credit losses on loans |  | $ | 63,445 |  |  | 55,525 |  |  | 7,920 |
The following table illustrates the impact of the January 1, 2020 adoption of CECL on off-balance sheet credit exposures:
|  | January 1, 2020
|  | As reported under CECL |  | Prior to CECL |  | Impact of CECL adoption
Liabilities |  |  |  |  |  |
Allowance for credit losses on off-balance sheet credit exposure |  | $ | 3,206 |  |  | — |  |  | 3,206 |

X
- References No definition available. + Details
Name: | us-gaap_CreditLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration