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BASIS OF PRESENTATION (Tables)
3 Months Ended
Mar. 31, 2021
BASIS OF PRESENTATION  
Summary of impact of adoption of the ASU

The following table illustrates the impact of adoption of the ASU:

January 1, 2021

    

As Reported

    

    

Impact of

Under

Pre-ASC 326

ASC 326

(dollars in thousands)

ASC 326

Adoption

Adoption

Loans

 

  

 

  

 

  

Commercial and industrial loans

$

32,645

$

28,333

$

4,312

Commercial real estate and multi-family residential loans

 

27,223

 

22,907

 

4,316

Agri-business and agricultural loans

 

4,103

 

3,043

 

1,060

Other commercial loans

 

1,357

 

416

 

941

Consumer 1-4 family loans

 

3,572

 

2,619

 

953

Other consumer loans

 

1,300

 

951

 

349

Unallocated

 

258

 

3,139

 

(2,881)

Allowance for credit losses

$

70,458

$

61,408

$

9,050