Annual report pursuant to Section 13 and 15(d)

ACCOUNTING POLICIES (Tables)

v3.20.4
ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Illustration of the Impact of ASC 326

The following table illustrates the impact of ASC 326.

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December 31,

​

January 1,

​

January 1,

​

​

2019

​

2020

​

2020

​

​

As Previously Reported (Incurred Loss)

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Impact of CECL Adoption

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As Reported Under CECL

Assets:

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​

​

​

​

​

Loans

​

​

​

​

​

​

Commercial

$

30,941

$

6,184

$

37,125

Consumer

​

11,353

​

41,300

​

52,653

Allowance for loan and lease losses

​

42,294

​

47,484

​

89,778

Liabilities:

​

​

​

​

​

​

Allowance for credit losses on unfunded credit exposure

​

900

​

4,160

​

5,060

Total Allowance for credit losses

$

43,194

$

51,644

$

94,838