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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE | 3 Months Ended
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Mar. 31, 2021
ALLOWANCE FOR LOAN AND LEASE LOSSES |
ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE | 5. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES 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 |
In accordance with GAAP, other real estate assets are not included in our assessment of the ACL. In the three months ended March 31, 2021, our provision for credit losses was a credit of $0.8 million, which consisted of a credit to the provision for credit losses on loans of $1.0 million and a $0.2 million provision for credit losses on off-balance sheet credit exposures. In the three months ended March 31, 2020, our provision for credit loss was $11.1 million, which consisted of a provision for credit losses on loans of $9.3 million and a $1.8 million provision for credit losses on off-balance sheet credit exposures.

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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 http://asc.fasb.org/topic&trid=2196771 + Details
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