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BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2023

BASIS OF PRESENTATION

Schedule of changes in the allowance for credit losses due to adoption of ASU 2016-13

The following table presents the changes in the allowance for credit losses required as a result of this adoption:

​	​	​	​	​	​	​	​	​
​	January 1, 2023 As		​	December 31, 2022		​	​
​	Reported After ASU		​	Pre-ASU 2016-13		​	Impact of
Allowance for Credit Losses	2016-13 Adoption		​	Adoption		​	2016-13 Adoption
​	​	​	​	​	​	​	​	​
Assets	​	​	​	​	​	​	​	​
Loans held for investments	​	​	​	​	​	​	​	​
Commercial/industrial	$	5,930	​	$	4,071	​	$	1,859
Commercial real estate - owner occupied	​	7,186	​	​	5,204	​	​	1,982
Commercial real estate - non-owner occupied	​	7,319	​	​	5,405	​	​	1,914
Construction and development	​	3,655	​	​	1,592	​	​	2,063
Residential 1-4 family	​	8,511	​	​	5,944	​	​	2,567
Consumer	​	934	​	​	314	​	​	620
Other	​	117	​	​	150	​	​	(33)
Loans held for investments, total	​	33,652	​	​	22,680	​	​	10,972
Liabilities	​	​	​	​	​	​	​	​
Unfunded commitments	​	3,264	​	​	-	​	​	3,264
Total	$	36,916	​	$	22,680	​	$	14,236

​

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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.

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-Name Accounting Standards Codification
-Topic 250
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