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Adoption of Accounting Standards (Tables) | 9 Months Ended
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Sep. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract] |
Schedule of allowance for credit losses, and reserve for unfunded commitments | The following table shows the impact of the Company's adoption of ASC 326 on loans, the ACL, and the Company’s reserve for unfunded commitments.
|  | January 1, 2023
(Dollars in thousands) |  | As Reported Under ASC 326 |  | Pre-ASC 326 Adoption |  | Change
Total Loans, gross |  | $ | 2,556,267 |  |  | $ | 2,556,107 |  |  | $ | 160 |
Allowance for credit losses |  | (27,434) |  |  | (16,643) |  |  | (10,791) |
Total loans, net |  | $ | 2,528,833 |  |  | $ | 2,539,464 |  |  | $ | (10,631) |
Liabilities: Reserve for Unfunded Commitments |  | $ | 581 |  |  | $ | 316 |  |  | $ | 265 |
The following table shows the impact of change in methodology.
(Dollars in thousands) |  | Balance as of June 30, 2023 |  | Impact of methodology change |  | Balance as of adoption of methodology change
Construction |  | $ | 2,386 |  |  | $ | 33 |  |  | $ | 2,419 |
Residential real estate |  | 9,151 |  |  | 4,016 |  |  | 13,167 |
Commercial real estate |  | 10,267 |  |  | 1,065 |  |  | 11,332 |
Commercial |  | 1,956 |  |  | 442 |  |  | 2,398 |
Consumer |  | 5,254 |  |  | 1,791 |  |  | 7,045 |
Total allowance |  | $ | 29,014 |  |  | $ | 7,347 |  |  | $ | 36,361 |

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