January 1, 2023

Pre-ASU 2016-13

Impact of ASU 2016-13 Adoption

As Reported Under ASU 2016-13

(In Thousands)

Assets

Allowance for credit losses - held to maturity securities

Municipal

$

—

$

3

$

3

Corporate bonds and other securities

—

111

111

Allowance for credit losses - held to maturity securities

$

—

$

114

$

114

Loans, net of unearned income

Commercial real estate (owner occupied)

$

75,158

$

6,201

$

81,359

Other commercial and industrial

153,420

(31)

153,389

Commercial real estate (non-owner occupied) - retail

—

148,901

148,901

Commercial real estate (non-owner occupied) - multi-family

—

106,423

106,423

Other commercial real estate (non-owner occupied)

450,744

(225,831)

224,913

Residential mortgages

297,971

(124,194)

173,777

Consumer

13,473

88,531

102,004

Loans, net of unearned income

$

990,766

$

—

$

990,766

Allowance for credit losses - loans

Commercial real estate (owner occupied)

$

—

$

1,380

$

1,380

Other commercial and industrial

—

2,908

2,908

Commercial real estate (non-owner occupied) - retail

—

1,432

1,432

Commercial real estate (non-owner occupied) - multi-family

—

1,226

1,226

Other commercial real estate (non-owner occupied)

5,972

(2,776)

3,196

Commercial (owner occupied real estate and other)

2,653

(2,653)

—

Residential mortgages

1,380

(355)

1,025

Consumer

85

695

780

Allocation for general risk

653

(653)

—

Allowance for credit losses - loans

$

10,743

$

1,204

$

11,947

Liabilities

Allowance for credit losses - unfunded commitments

$

746

$

177

$

923