Recently Issued Accounting Pronouncements (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Standards Update and Change in Accounting Principle [Abstract]

Schedule of Impact of Adoption

The following table illustrates the impact of the adoption of the CECL model under ASC 326 on the Company’s consolidated statements of financial position as of January 1, 2020:

	January 1, 2020
	Pre-CECL Adoption		Impact of CECL Adoption		As Reported Under CECL
	(Dollars in thousands)
Assets:
Allowance for credit losses on debt securities:
Held-to-maturity	$	—	$	—	$	—
Available-for-sale	—		—		—
Allowance for credit losses on loans:
Investor loans secured by real estate	9,027		16,072		25,099
Business loans secured by real estate	5,492		27,572		33,064
Commercial loans	20,118		9,519		29,637
Retail loans	1,061		2,523		3,584
Deferred tax (liabilities) assets	(1,371)		18,346		16,975
Liabilities:
Allowance for credit losses on off-balance sheet credit exposures	$	3,279	$	8,285	$	11,564
Stockholders' equity:
Retained earnings	$	396,051	$	(45,625)	$	350,426