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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, 2021
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, 2021 and March 31, 2020:
| Commercial, Financial and Agricultural |  | Real Estate |  |  |  |  |  |  |  |  |  |
(dollars in thousands) | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  |  |  | Consumer |  |  |  |  |  | Total
Three Months Ended March 31, 2021
Beginning balance | 304 |  |  | 18,717 |  |  | 4,277 |  |  | 16,484 |  |  | 5,449 |  |  | 22,163 |  |  |  |  | 15,875 |  |  |  |  |  |  | 83,269 |
Provision for credit losses on loans | 185 |  |  | (2,733) |  |  | 770 |  |  | (1,233) |  |  | (207) |  |  | 563 |  |  |  |  | 1,681 |  |  |  |  |  |  | (974) |
| 489 |  |  | 15,984 |  |  | 5,047 |  |  | 15,251 |  |  | 5,242 |  |  | 22,726 |  |  |  |  | 17,556 |  |  |  |  |  |  | 82,295 |
Charge-offs | — |  |  | 609 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,098 |  |  |  |  |  |  | 1,707 |
Recoveries | — |  |  | 89 |  |  | — |  |  | 106 |  |  | 9 |  |  | 8 |  |  |  |  | 753 |  |  |  |  |  |  | 965 |
Net charge-offs (recoveries) | — |  |  | 520 |  |  | — |  |  | (106) |  |  | (9) |  |  | (8) |  |  |  |  | 345 |  |  |  |  |  |  | 742 |
Ending balance | $ | 489 |  |  | $ | 15,464 |  |  | $ | 5,047 |  |  | $ | 15,357 |  |  | $ | 5,251 |  |  | $ | 22,734 |  |  |  |  | $ | 17,211 |  |  |  |  |  |  | $ | 81,553 |
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 |
Beginning balance | — |  |  | 7,509 |  |  | 2,271 |  |  | 13,935 |  |  | 2,592 |  |  | 13,737 |  |  |  |  | 11,493 |  |  |  |  |  |  | 51,537 |
Provision for credit losses on loans | — |  |  | 1,231 |  |  | 655 |  |  | (935) |  |  | (314) |  |  | 5,779 |  |  |  |  | 2,913 |  |  |  |  |  |  | 9,329 |
| — |  |  | 8,740 |  |  | 2,926 |  |  | 13,000 |  |  | 2,278 |  |  | 19,516 |  |  |  |  | 14,406 |  |  |  |  |  |  | 60,866 |
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 |
The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three months ended March 31, 2021 and March 31, 2020.
(dollars in thousands) |
Three Months Ended March 31, 2021 |
Beginning balance | $ | 4,884 |
Provision for off-balance sheet credit exposures | 153 |
Ending balance | $ | 5,037 |
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 |

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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=121611835&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=121599337&loc=SL82919249-210447 + Details
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