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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables) | 3 Months Ended
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Mar. 31, 2020
ALLOWANCE FOR LOAN AND LEASE LOSSES |
Schedule of activity in the allowance, by class | The following table presents by class, the activity in the ACL for loans under ASC 326 during the three months ended March 31, 2020 and under previous GAAP during the three months ended March 31, 2019:
|  |  | Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(dollars in thousands) | Commercial, Financial & Agricultural |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  |  |  | Consumer |  |  |  |  |  | Total
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance prior to ASC 326 | $ | 8,136 |  |  | $ | 1,792 |  |  | $ | 13,327 |  |  | $ | 4,206 |  |  | $ | 11,113 |  |  |  |  | $ | 9,397 |  |  |  |  |  |  | $ | 47,971 |
Impact of adoption of ASC 326 | (627) |  |  | 479 |  |  | 608 |  |  | (1,614) |  |  | 2,624 |  |  |  |  | 2,096 |  |  |  |  |  |  | 3,566 |
Balance after adoption of ASC 326 | 7,509 |  |  |  | 2,271 |  |  |  | 13,935 |  |  |  | 2,592 |  |  |  | 13,737 |  |  |  |  |  | 11,493 |  |  |  |  |  |  |  | 51,537 |
Provision for credit losses | 1,231 |  |  | 655 |  |  | (935) |  |  | (314) |  |  | 5,779 |  |  |  |  | 2,913 |  |  |  |  |  |  | 9,329 |
Charge-offs | 437 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 2,217 |  |  |  |  |  |  | 2,654 |
Recoveries | 342 |  |  | 131 |  |  | 181 |  |  | 31 |  |  | 2 |  |  |  |  | 746 |  |  |  |  |  |  | 1,433 |
Net charge-offs (recoveries) | 95 |  |  | (131) |  |  | (181) |  |  | (31) |  |  | (2) |  |  |  |  | 1,471 |  |  |  |  |  |  | 1,221 |
Ending balance | $ | 8,645 |  |  | $ | 3,057 |  |  | $ | 13,181 |  |  | $ | 2,309 |  |  | $ | 19,518 |  |  |  |  | $ | 12,935 |  |  |  |  |  |  | $ | 59,645 |
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 8,027 |  |  | $ | 1,202 |  |  | $ | 14,349 |  |  | $ | 3,788 |  |  | $ | 13,358 |  |  |  |  | $ | 7,192 |  |  |  |  |  |  | $ | 47,916 |
Provision for credit losses | 50 |  |  | 91 |  |  | (1,520) |  |  | 481 |  |  | (1,322) |  |  |  |  | 3,503 |  |  |  |  |  |  | 1,283 |
| 8,077 |  |  | 1,293 |  |  | 12,829 |  |  | 4,269 |  |  | 12,036 |  |  |  |  | 10,695 |  |  |  |  |  |  | 49,199 |
Charge-offs | 463 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 2,251 |  |  |  |  |  |  | 2,714 |
Recoveries | 233 |  |  | 6 |  |  | 22 |  |  | 9 |  |  | — |  |  |  |  | 512 |  |  |  |  |  |  | 782 |
Net charge-offs (recoveries) | 230 |  |  | (6) |  |  | (22) |  |  | (9) |  |  | — |  |  |  |  | 1,739 |  |  |  |  |  |  | 1,932 |
Ending balance | $ | 7,847 |  |  | $ | 1,299 |  |  | $ | 12,851 |  |  | $ | 4,278 |  |  | $ | 12,036 |  |  |  |  | $ | 8,956 |  |  |  |  |  |  | $ | 47,267 |
The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the three months ended March 31, 2020 and under previous GAAP during the three months ended March 31, 2019.
Three Months Ended March 31, 2020 |
Beginning balance prior to ASC 326 | $ | 1,272 |
Impact of adoption of ASC 326 | 740 |
Balance after adoption of ASC 326 | 2,012 |
Provision for off-balance sheet credit exposures | 1,798 |
Ending Balance | $ | 3,810 |
Three Months Ended March 31, 2019 |
Beginning balance | $ | 1,242 |
Provision for off-balance sheet credit exposures | 167 |
Ending balance | $ | 1,409 |

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- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
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