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Allowance for Credit Losses | 3 Months Ended
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Mar. 31, 2023
Allowance for Credit Losses |
Allowance for Credit Losses | Note 6 Allowance for Credit Losses ​ The tables below detail the Company’s allowance for credit losses as of the dates shown: ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, 2023
​ | ​ | ​ | ​ | ​ | Non-owner | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | commercial | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Commercial |  | real estate |  | real estate |  | Consumer |  | Total
Beginning balance | ​ | $ | 37,608 | ​ | $ | 32,050 | ​ | $ | 19,306 | ​ | $ | 589 | ​ | $ | 89,553
Charge-offs | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | (325) | ​ |  | (325)
Recoveries | ​ |  | 41 | ​ |  | 1 | ​ |  | 7 | ​ |  | 16 | ​ |  | 65
Provision (release) expense for credit losses | ​ |  | (254) | ​ | ​ | 839 | ​ | ​ | 261 | ​ | ​ | 204 | ​ |  | 1,050
Ending balance | ​ | $ | 37,395 | ​ | $ | 32,890 | ​ | $ | 19,574 | ​ | $ | 484 | ​ | $ | 90,343
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, 2022
​ | ​ | ​ | ​ | ​ | Non-owner | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | commercial | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Commercial |  | real estate |  | real estate |  | Consumer |  | Total
Beginning balance | ​ | $ | 31,256 | ​ | $ | 10,033 | ​ | $ | 8,056 | ​ | $ | 349 | ​ | $ | 49,694
Charge-offs | ​ |  | (463) | ​ |  | — | ​ |  | (2) | ​ |  | (169) | ​ |  | (634)
Recoveries | ​ |  | 47 | ​ |  | — | ​ |  | 2 | ​ |  | 26 | ​ |  | 75
Provision expense (release) for credit losses | ​ |  | 1,005 | ​ |  | (1,538) | ​ |  | 80 | ​ |  | 128 | ​ |  | (325)
Ending balance | ​ | $ | 31,845 | ​ | $ | 8,495 | ​ | $ | 8,136 | ​ | $ | 334 | ​ | $ | 48,810
​ ​ In evaluating the loan portfolio for an appropriate ACL level, excluding loans evaluated individually, loans were grouped into segments based on broad characteristics such as primary use and underlying collateral. Within the segments, the portfolio was further disaggregated into classes of loans with similar attributes and risk characteristics for purposes of developing the underlying data used within the discounted cash flow model including, but not limited to, prepayment and recovery rates as well as loss rates tied to macro-economic conditions within management’s reasonable and supportable forecast. The ACL also includes subjective adjustments based upon qualitative risk factors including asset quality, loss trends, lending management, portfolio growth and loan review/internal audit results. ​ Net charge-offs on loans during the three months ended March 31, 2023 were $0.3 million. The Company recorded an increase in the allowance for credit losses of $1.1 million during the three months ended March 31, 2023, driven by loan growth. ​ Net charge-offs on loans during the three months ended March 31, 2022 were $0.6 million. The Company recorded a decrease in the allowance for credit losses of $0.3 million during the three months ended March 31, 2022, driven by strong asset quality. ​ The Company has elected to exclude AIR from the allowance for credit losses calculation. As of March 31, 2023 and December 31, 2022, AIR from loans totaled $36.1 million and $31.8 million, respectively.

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 + Details
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- References No definition available. + Details
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