| 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.
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|
|
As Reported
Under ASU
2016-13
|
|
|
Pre-ASU
2016-13
Adoption
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Impact of
ASU 2016-13
Adoption
|
|
|
Real estate loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
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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:
|
|
|
|
|
|
|
|
|
|
|
|
|
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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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Allowance for credit losses on off-balance sheet items
|
|
$
|
2,062
|
|
|
$
|
2,398
|
|
|
$
|
(336
|
)
|
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