Note 15 – Presentation of Debt Issuance Costs

As of January 1, 2016, the Company adopted Accounting Standards Update (“ASU”) No. 2015-03 “Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs be presented in the consolidated statement of condition as a direct deduction from the carrying amount of debt liability. This ASU is required to be applied retrospectively to all periods presented. The following table summarizes the impact of retrospective application to the consolidated statement of condition for the year ended December 31, 2015:

	December 31,
(dollars in thousands)	2015
Other assets
As previously reported	$	24,908
As reported under the new guidance		24,096

Total assets
As previously reported	$	4,016,721
As reported under the new guidance		4,015,909

Subordinated debentures
As previously reported	$	55,155
As reported under the new guidance		54,343

Total liabilities
As previously reported	$	3,539,377
As reported under the new guidance		3,538,565