Annual report pursuant to Section 13 and 15(d)

Note 18 - Changes in Accounting Principles (Tables)

v3.24.1
Note 18 - Changes in Accounting Principles (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Accounting Standards Update and Change in Accounting Principle [Table Text Block]
 

Allowance for credit losses as reported under ASU 2016-13

Allowance pre-ASU 2016-13 Adoption

Impact on Allowance of ASU 2016-13 Adoption

 

Assets:

(Dollars in thousands)

 

First mortgage loans

             

1-4 family residential

$ 916 $ 581 $ 335  

Multi-family

  42   19   23  

Commercial

  48   19   29  

Consumer loans

  2   5   (3 )

Allowance for credit losses for all loans

$ 1,008 $ 624 $ 384  

Liabilities:

             

Allowance for credit losses on off-balance sheet exposures

$ 5 $ $ 5