Accounting Pronouncements Recently Issued or Adopted (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Standards Update and Change in Accounting Principle [Abstract]

Schedule of Impact of Adopting ASU 2016-13

The following table presents the impact of adopting ASU 2016-13 on January 1, 2023:

(dollars in thousands)	As Reported Under ASC 326		Prior to Adopting ASC 326		Impact of ASC 326 Adoption
Allowance for credit losses - loans
Real estate loans:
One- to four- family	$	2,126	$	1,771	$	355
Home equity	201		132		69
Commercial and multifamily	2,181		2,501		(320)
Construction and land	2,568		1,209		1,359
Total real estate loans	7,075		5,613		1,462
Consumer loans:
Manufactured homes	282		462		(180)
Floating homes	622		456		166
Other consumer	161		324		(163)
Total consumer loans	1,065		1,242		(177)
Commercial business loans	221		256		(35)
Unallocated	(3)		488		(491)
Total loans	8,359		7,599		760
Allowance for credit losses - unfunded commitments
Reserve for unfunded commitments	1,030		335		695
Total	$	9,389	$	7,934	$	1,455