XML 46 R35.htm IDEA: XBRL DOCUMENT v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Stockholders' equity $ (170,064,000) $ (177,426,000) $ (166,388,000) $ (155,518,000) $ (174,690,000) $ (211,455,000)
Allowance for credit losses 20,252,000 [1] 20,172,000 19,659,000 [1] 18,631,000 17,485,000 21,025,000
Unfunded Loan Commitment            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses 1,054,000 1,041,000 0 0 0 0
Commercial Mortgages            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses 11,025,000 10,994,000 11,576,000 10,986,000 10,314,000 13,556,000
Consumer Loans            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses 3,213,000 3,152,000 2,865,000 2,334,000 1,893,000 2,075,000
Retained Earnings            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Stockholders' equity $ (227,596,000) (221,412,000) (211,859,000) $ (205,874,000) (200,870,000) (188,877,000)
Cumulative effect adjustment for the adoption of ASC 326            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Stockholders' equity [2]     1,076,000      
Allowance for credit losses     374,000      
Cumulative effect adjustment for the adoption of ASC 326 | Unfunded Loan Commitment            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses   $ 0 1,082,000   $ 0 $ 0
Cumulative effect adjustment for the adoption of ASC 326 | Loan Portfolio            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses     400,000      
Cumulative effect adjustment for the adoption of ASC 326 | Securities Portfolio            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses     0      
Cumulative effect adjustment for the adoption of ASC 326 | Commercial Mortgages            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses     (695,000)      
Cumulative effect adjustment for the adoption of ASC 326 | Commercial Mortgages | Commercial And Agricultural And Commercial Real Estate            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses     200,000      
Cumulative effect adjustment for the adoption of ASC 326 | Consumer Loans            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Allowance for credit losses     176,000      
Cumulative effect adjustment for the adoption of ASC 326 | Retained Earnings            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Stockholders' equity, before tax     1,500,000      
Stockholders' equity [2]     $ 1,076,000      
[1] Effective January 1, 2023, the allowance calculation is based upon Current Expected Credit loss methodology. Prior to January 1, 2023, the allowance calculation was based upon incurred loss methodology. Refer to Note 1 for further discussion.
[2] Due to implementation of ASC 326. See "Adoption of New Accounting Standards" discussion in Note 1.