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Recent Accounting Pronouncements (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle | The following table illustrates the impact of ASC 326 (in thousands):
| As Reported Under | Pre-ASC 326 | Impact of ASC 326
| ASC 326 | Adoption | Adoption
Gross Loans | $ | 3,618,825 |  | $ | 3,616,099 |  | $ | 2,726 |
Allowance for Credit Losses | (17,349) |  | (11,589) |  | (5,760) |
Deferred Tax Assets, net | 7,380 |  | 6,669 |  | 711 |
Shareholders' Equity | 655,648 |  | 657,983 |  | (2,335) |
Portfolio Segments that Measure Allowance for Credit Loss | The following table summarizes the activity in the allowance for credit losses, by portfolio loan classification, for the six months ended June 30, 2020 and 2019 (in thousands). The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments.
| Commercial and | Commercial | Residential |  |  | DDA |
| Industrial | Real Estate | Real Estate | Home Equity | Consumer | Overdrafts | Total
Six months ended June 30, 2020 |  |  |  |  |  |  |
Beginning balance | $ | 2,059 |  | $ | 2,606 |  | $ | 3,448 |  | $ | 1,187 |  | $ | 975 |  | $ | 1,314 |  | $ | 11,589 |
Impact of adopting CECL | 1,715 |  | 3,254 |  | 2,139 |  | (598) |  | (810) |  | 60 |  | 5,760 |
Charge-offs | (77) |  | (422) |  | (859) |  | (206) |  | (91) |  | (1,162) |  | (2,817) |
Recoveries | 14 |  | 331 |  | 103 |  | 56 |  | 141 |  | 800 |  | 1,445 |
Provision for credit losses | 2,555 |  | 4,321 |  | 2,492 |  | 208 |  | (95) |  | (259) |  | 9,222 |
Ending balance | $ | 6,266 |  | $ | 10,090 |  | $ | 7,323 |  | $ | 647 |  | $ | 120 |  | $ | 753 |  | $ | 25,199 |
Six months ended June 30, 2019 |  |  |  |  |  |  |
Beginning balance | $ | 4,060 |  | $ | 4,495 |  | $ | 4,116 |  | $ | 1,268 |  | $ | 319 |  | $ | 1,708 |  | $ | 15,966 |
Charge-offs | (51) |  | (178) |  | (631) |  | (117) |  | (296) |  | (1,213) |  | (2,486) |
Recoveries | 140 | 607 | 125 | — |  | 143 | 749 | 1,764 |
(Recovery of) Provision for credit losses | (1,353) |  | (1,455) |  | 349 |  | 60 |  | 343 |  | 607 |  | (1,449) |
Ending balance | $ | 2,796 |  | $ | 3,469 |  | $ | 3,959 |  | $ | 1,211 |  | $ | 509 |  | $ | 1,851 |  | $ | 13,795 |
Three months ended June 30, 2020 |  |  |  |  |  |  |
Beginning balance | $ | 5,855 |  | $ | 9,389 |  | $ | 6,958 |  | $ | 702 |  | $ | 233 |  | $ | 1,256 |  | 24,393 |
Charge-offs | — |  | (39) |  | (376) |  | (161) |  | (36) |  | (459) |  | (1,071) |
Recoveries | 5 |  | 128 |  | 8 |  | 9 |  | 128 |  | 349 |  | 627 |
(Recovery of) provision | 406 |  | 612 |  | 733 |  | 97 |  | (205) |  | (393) |  | 1,250 |
Ending balance | $ | 6,266 |  | $ | 10,090 |  | $ | 7,323 |  | $ | 647 |  | $ | 120 |  | $ | 753 |  | $ | 25,199 |
Three months ended June 30, 2019 |  |  |  |  |  |  |
Beginning balance | $ | 2,970 |  | $ | 4,640 |  | $ | 3,820 |  | $ | 1,248 |  | $ | 468 |  | $ | 1,500 |  | $ | 14,646 |
Charge-offs | (51) |  | (133) |  | (303) |  | (71) |  | (111) |  | (588) |  | (1,257) |
Recoveries | 5 |  | 575 |  | 50 |  | — |  | 46 |  | 330 |  | 1,006 |
(Recovery of) provision | (128) |  | (1,613) |  | 392 |  | 34 |  | 106 |  | 609 |  | (600) |
Ending balance | $ | 2,796 |  | $ | 3,469 |  | $ | 3,959 |  | $ | 1,211 |  | $ | 509 |  | $ | 1,851 |  | $ | 13,795 |

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