July 1, 2023

As reported under
ASU 2016-13

Pre-ASU 2016-13

Impact of
ASU 2016-13

(Dollars in thousands)

Assets

ACL on loans:

Owner occupied commercial real estate

$

—

$

—

$

—

Other commercial real estate

(6

)

(4

)

(2

)

Multi-family

—

—

—

Commercial and industrial

—

—

—

Residential

(1,125

)

(1,039

)

(86

)

Consumer

(32

)

(73

)

41

Unallocated

—

—

—

Total ACL on loans

$

(1,163

)

$

(1,116

)

$

(47

)

Deferred income taxes

$

1,945

$

1,958

$

(13

)

Liabilities

Liability for credit losses for unfunded commitments

$

1

$

—

$

1

Shareholders' equity

Retained earnings

$

127,065

$

127,099

$

(34

)