First, this impact doesn't contemplate a potential phase-in similar to CECL.

Source: https://seekingalpha.com/article/4595039-ally-financial-inc-ally-q1-2023-earnings-call-transcript?source=feed_all_articles

However, outside of the $38.3 million in specific CECL booked against the $56.9 million office loan in Chicago, ACRE has only reserved 2.2% against the other $766 million in office loans (Figure 5).

Source: https://seekingalpha.com/article/4604944-ares-commercial-real-estate-q1-earnings-cre-markets-continue-weaken-reiterate-hold?source=feed_all_articles

In comparison, the remaining cumulative charge-off number is the same number as the CECL allowance number.

Source: https://seekingalpha.com/article/4587118-oportun-financial-corporation-oprt-q4-2022-earnings-call-transcript?source=feed_all_articles

So that when we look at ourselves and we understand what CECL reserving requires us to do, that's what we're trying to accomplish.

Source: https://seekingalpha.com/article/4617175-wells-fargo-and-company-wfc-q2-2023-earnings-call-transcript?source=feed_all_articles

The bank adopted CECL effective the 1st of this year, due primarily to the change in accounting methodology, the bank’s allowance has increased by approximately $4 million since the end of last year and now totals approximately $25 million.

Source: https://seekingalpha.com/article/4595643-capstar-financial-holdings-inc-cstr-q1-2023-earnings-call-transcript?source=feed_all_articles

The methodology will be changing for 2023 as we adopt "CECL", as required.

Source: https://www.marketscreener.com/quote/stock/GRAND-RIVER-COMMERCE-INC-120792686/news/Grand-River-Commerce-2022-Audited-Financial-Statements-43489206/?utm_medium=RSS&utm_content=20230413