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Adoption of New Accounting Standard (Tables) | 6 Months Ended
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Jun. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract] |
Summary of Impact to the Consolidated Balance Sheet as the Result of Adopting ASC 326 | The following table presents the impact to the consolidated balance sheet as the result of adopting ASC 326 effective January 1, 2023.
(Dollars in thousands) |  | January 1, 2023 Post-ASC 326 Adoption |  |  | December 31, 2022 Pre-ASC 326 Adoption |  |  | Impact of ASC 326 Adoption |
Assets: |  |  |  |  |  |  |  |  |
Loans held for investment, net of deferred fees and costs |  | $ | 2,399,757 |  |  | $ | 2,399,092 |  |  | $ | 665 |
Allowance for credit losses |  |  | (26,961 | ) |  |  | (22,939 | ) |  |  | (4,022 | )
Deferred tax asset, net |  |  | 10,757 |  |  |  | 9,182 |  |  |  | 1,575 |
Liabilities: |  |  |  |  |  |  |  |  |
Reserve for unfunded commitments 1 |  |  | 5,504 |  |  |  | 1,812 |  |  |  | 3,692 |
Stockholders' Equity: |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 102,788 |  |  |  | 108,262 |  |  |  | (5,474 | )
1 Included in other liabilities on the consolidated balance sheets |

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