Quarterly report pursuant to Section 13 or 15(d)

Organization and Basis of Presentation (Tables)

v3.20.2
Organization and Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Impact of ASC on Allowance for Credit Losses

The following table illustrates the allowance for credit losses and the related impact under ASU 2016-13 to the Company as of January 1, 2020.

 

 

 

As Reported

Under ASU

2016-13

 

 

Pre-ASU

2016-13

Adoption

 

 

Impact of

ASU 2016-13

Adoption

 

Real estate loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial property

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

6,785

 

 

$

4,911

 

 

$

1,873

 

Hospitality

 

 

12,387

 

 

 

6,686

 

 

 

5,702

 

Other

 

 

13,415

 

 

 

8,060

 

 

 

5,355

 

Total commercial property loans

 

 

32,587

 

 

 

19,657

 

 

 

12,930

 

Construction loans

 

 

15,590

 

 

 

15,003

 

 

 

587

 

Residential property loans

 

 

2,150

 

 

 

1,695

 

 

 

455

 

Total real estate loans

 

 

50,327

 

 

 

36,355

 

 

 

13,972

 

Commercial and industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial term loans

 

 

12,175

 

 

 

14,077

 

 

 

(1,903

)

Commercial lines of credit

 

 

1,358

 

 

 

1,887

 

 

 

(529

)

International loans

 

 

176

 

 

 

242

 

 

 

(65

)

Total commercial loans

 

 

13,709

 

 

 

16,206

 

 

 

(2,497

)

Leases receivable

 

 

14,669

 

 

 

8,767

 

 

 

5,902

 

Consumer loans

 

 

135

 

 

 

80

 

 

 

55

 

Allowance for credit losses on loans receivable

 

$

78,841

 

 

$

61,408

 

 

$

17,433

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses on off-balance sheet items

 

$

2,062

 

 

$

2,398

 

 

$

(336

)