New Accounting Pronouncements

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

The following new accounting pronouncement was adopted during 2023:

Accounting Standards Update	Summary of Guidance	Financial Statement Impact
Troubled Debt Restructurings and Vintage Disclosures Issued March 2022	•Eliminates the accounting guidance for TDR Loans by creditors, while enhancing disclosure requirements for certain loan payment modifications by creditors made to borrowers experiencing financial difficulty. •Requires new disclosure of current-period gross charge-offs by year of origination for loans.	•The new guidance is being applied prospectively for new loan modifications beginning January 1, 2023 while the accounting for our remaining population of TDR Loans did not materially change. •See Note 6, "Loans," for the new disclosures required by this standard. •The adoption of this guidance did not have a material impact on our financial position or results of operations.

There have been no additional accounting pronouncements issued by the Financial Accounting Standards Board that are expected to have a material impact on our consolidated financial statements.