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ALLOWANCE FOR LOAN AND LEASE LOSSES | 12 Months Ended
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Dec. 31, 2014
ALLOWANCE FOR LOAN AND LEASE LOSSES |
ALLOWANCE FOR LOAN AND LEASE LOSSES | 6.ALLOWANCE FOR LOAN AND LEASE LOSSES The following table presents by class, the activity in the Allowance for the periods indicated:
|  | Commercial, |  | Real estate |  |  |  |  |  |  |  |  |
|  | Financial & |  |  |  | Mortgage - |  | Mortgage - |  |  |  |  |  |  |  |  |
|  | Agricultural |  | Construction |  | Residential |  | Commercial |  | Consumer |  | Leases |  | Unallocated |  | Total |
|  | (Dollars in thousands) |
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 13,196 |  | $ | 2,774 |  | $ | 25,272 |  | $ | 29,947 |  | $ | 6,576 |  | $ | 55 |  | $ | 6,000 |  | $ | 83,820 |
Provision (credit) for loan and lease losses |  | (1,522 | ) | 10,155 |  | (8,198 | ) | (8,090 | ) | 3,289 |  | (48 | ) | (2,000 | ) | (6,414 | )
|  | 11,674 |  | 12,929 |  | 17,074 |  | 21,857 |  | 9,865 |  | 7 |  | 4,000 |  | 77,406 |
Charge-offs |  | 5,046 |  | — |  | 139 |  | 1,041 |  | 3,703 |  | 8 |  | — |  | 9,937 |
Recoveries |  | 2,326 |  | 2,040 |  | 992 |  | 53 |  | 1,152 |  | 8 |  | — |  | 6,571 |
Net charge-offs (recoveries) |  | 2,720 |  | (2,040 | ) | (853 | ) | 988 |  | 2,551 |  | — |  | — |  | 3,366 |
Ending balance |  | $ | 8,954 |  | $ | 14,969 |  | $ | 17,927 |  | $ | 20,869 |  | $ | 7,314 |  | $ | 7 |  | $ | 4,000 |  | $ | 74,040 |
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 4,987 |  | $ | 4,510 |  | $ | 27,836 |  | $ | 50,574 |  | $ | 2,421 |  | $ | 85 |  | $ | 6,000 |  | $ | 96,413 |
Provision (credit) for loan and lease losses |  | 9,634 |  | (4,974 | ) | (2,588 | ) | (18,099 | ) | 5,093 |  | (376 | ) | — |  | (11,310 | )
|  | 14,621 |  | (464 | ) | 25,248 |  | 32,475 |  | 7,514 |  | (291 | ) | 6,000 |  | 85,103 |
Charge-offs |  | 2,812 |  | 358 |  | 1,083 |  | 6,768 |  | 1,595 |  | — |  | — |  | 12,616 |
Recoveries |  | 1,387 |  | 3,596 |  | 1,107 |  | 4,240 |  | 657 |  | 346 |  | — |  | 11,333 |
Net charge-offs (recoveries) |  | 1,425 |  | (3,238 | ) | (24 | ) | 2,528 |  | 938 |  | (346 | ) | — |  | 1,283 |
Ending balance |  | $ | 13,196 |  | $ | 2,774 |  | $ | 25,272 |  | $ | 29,947 |  | $ | 6,576 |  | $ | 55 |  | $ | 6,000 |  | $ | 83,820 |
Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 6,110 |  | $ | 28,630 |  | $ | 30,732 |  | $ | 49,733 |  | $ | 2,335 |  | $ | 553 |  | $ | 4,000 |  | $ | 122,093 |
Provision (credit) for loan and lease losses |  | 1,042 |  | (22,307 | ) | (2,108 | ) | 2,386 |  | 547 |  | (445 | ) | 2,000 |  | (18,885 | )
|  | 7,152 |  | 6,323 |  | 28,624 |  | 52,119 |  | 2,882 |  | 108 |  | 6,000 |  | 103,208 |
Charge-offs |  | 3,779 |  | 8,435 |  | 1,664 |  | 2,033 |  | 1,490 |  | 28 |  | — |  | 17,429 |
Recoveries |  | 1,614 |  | 6,622 |  | 876 |  | 488 |  | 1,029 |  | 5 |  | — |  | 10,634 |
Net charge-offs |  | 2,165 |  | 1,813 |  | 788 |  | 1,545 |  | 461 |  | 23 |  | — |  | 6,795 |
Ending balance |  | $ | 4,987 |  | $ | 4,510 |  | $ | 27,836 |  | $ | 50,574 |  | $ | 2,421 |  | $ | 85 |  | $ | 6,000 |  | $ | 96,413 |
In accordance with GAAP, loans held for sale and other real estate assets are not included in our assessment of the Allowance. Changes in the allowance for loan and lease losses for impaired loans (included in the above amounts) were as follows:
|  | Year Ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
|  | (Dollars in thousands) |
Balance, beginning of year |  | $ | 349 |  | $ | 3,011 |  | $ | 772 |
Provision for loan and lease losses |  | 1,354 |  | — |  | 2,520 |
Other changes |  | (170 | ) | (2,662 | ) | (281 | )
Balance, end of year |  | $ | 1,533 |  | $ | 349 |  | $ | 3,011 |
The amounts included in other changes above represent net charge-offs and net transfers of allocated allowances for loans and leases that were not classified as impaired for the entire year. At December 31, 2014 and 2013, all impaired loans were measured based on the fair value of the underlying collateral for collateral-dependent loans or at the loan’s observable market price. In determining the amount of our Allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions, as well as regulatory requirements and input. If our assumptions prove to be incorrect, our current Allowance may not be sufficient to cover future loan losses and we may experience significant increases to our Provision.

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