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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables) | 6 Months Ended
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Jun. 30, 2022
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 and six months ended June 30, 2022 and June 30, 2021:
| Commercial, Financial and Agricultural |  | Real Estate |  |  |  |  |  |  |  |  |  |
(dollars in thousands) | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  |  |  | Consumer |  |  |  |  |  | Total
Three Months Ended June 30, 2022
Beginning balance | $ | 36 |  |  | $ | 9,562 |  |  | $ | 3,836 |  |  | $ | 11,043 |  |  | $ | 4,641 |  |  | $ | 16,055 |  |  |  |  | $ | 19,581 |  |  |  |  |  |  | $ | 64,754 |
Provision (credit) for credit losses on loans | (21) |  |  | (1,565) |  |  | (833) |  |  | 1,688 |  |  | (596) |  |  | 1,803 |  |  |  |  | 980 |  |  |  |  |  |  | 1,456 |
Subtotal | 15 |  |  | 7,997 |  |  | 3,003 |  |  | 12,731 |  |  | 4,045 |  |  | 17,858 |  |  |  |  | 20,561 |  |  |  |  |  |  | 66,210 |
Charge-offs | — |  |  | 487 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,390 |  |  |  |  |  |  | 1,877 |
Recoveries | — |  |  | 215 |  |  | 62 |  |  | 36 |  |  | — |  |  | — |  |  |  |  | 565 |  |  |  |  |  |  | 878 |
Net charge-offs (recoveries) | — |  |  | 272 |  |  | (62) |  |  | (36) |  |  | — |  |  | — |  |  |  |  | 825 |  |  |  |  |  |  | 999 |
Ending balance | $ | 15 |  |  | $ | 7,725 |  |  | $ | 3,065 |  |  | $ | 12,767 |  |  | $ | 4,045 |  |  | $ | 17,858 |  |  |  |  | $ | 19,736 |  |  |  |  |  |  | $ | 65,211 |
Three Months Ended June 30, 2021
Beginning balance | $ | 489 |  |  | $ | 15,464 |  |  | $ | 5,047 |  |  | $ | 15,357 |  |  | $ | 5,251 |  |  | $ | 22,734 |  |  |  |  | $ | 17,211 |  |  |  |  |  |  | $ | 81,553 |
Provision (credit) for credit losses on loans | (133) |  |  | (1,925) |  |  | (354) |  |  | 1,368 |  |  | 1,058 |  |  | (3,265) |  |  |  |  | 288 |  |  |  |  |  |  | (2,963) |
Subtotal | 356 |  |  | 13,539 |  |  | 4,693 |  |  | 16,725 |  |  | 6,309 |  |  | 19,469 |  |  |  |  | 17,499 |  |  |  |  |  |  | 78,590 |
Charge-offs | — |  |  | 401 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,523 |  |  |  |  |  |  | 1,924 |
Recoveries | — |  |  | 276 |  |  | — |  |  | 186 |  |  | — |  |  | 65 |  |  |  |  | 588 |  |  |  |  |  |  | 1,115 |
Net charge-offs (recoveries) | — |  |  | 125 |  |  | — |  |  | (186) |  |  | — |  |  | (65) |  |  |  |  | 935 |  |  |  |  |  |  | 809 |
Ending balance | $ | 356 |  |  | $ | 13,414 |  |  | $ | 4,693 |  |  | $ | 16,911 |  |  | $ | 6,309 |  |  | $ | 19,534 |  |  |  |  | $ | 16,564 |  |  |  |  |  |  | $ | 77,781 |
| Commercial, Financial and Agricultural |  | Real Estate |  |  |  |  |  |  |  |  |  |
(dollars in thousands) | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  |  |  | Consumer |  |  |  |  |  | Total
Six Months Ended June 30, 2022
Beginning balance | $ | 77 |  |  | $ | 10,314 |  |  | $ | 3,908 |  |  | $ | 12,463 |  |  | $ | 4,509 |  |  | $ | 18,411 |  |  |  |  | $ | 18,415 |  |  |  |  |  |  | $ | 68,097 |
Provision (credit) for credit losses on loans | (62) |  |  | (2,413) |  |  | (905) |  |  | 156 |  |  | (464) |  |  | (553) |  |  |  |  | 2,766 |  |  |  |  |  |  | (1,475) |
Subtotal | 15 |  |  | 7,901 |  |  | 3,003 |  |  | 12,619 |  |  | 4,045 |  |  | 17,858 |  |  |  |  | 21,181 |  |  |  |  |  |  | 66,622 |
Charge-offs | — |  |  | 741 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 2,606 |  |  |  |  |  |  | 3,347 |
Recoveries | — |  |  | 565 |  |  | 62 |  |  | 148 |  |  | — |  |  | — |  |  |  |  | 1,161 |  |  |  |  |  |  | 1,936 |
Net charge-offs (recoveries) | — |  |  | 176 |  |  | (62) |  |  | (148) |  |  | — |  |  | — |  |  |  |  | 1,445 |  |  |  |  |  |  | 1,411 |
Ending balance | $ | 15 |  |  | $ | 7,725 |  |  | $ | 3,065 |  |  | $ | 12,767 |  |  | $ | 4,045 |  |  | $ | 17,858 |  |  |  |  | $ | 19,736 |  |  |  |  |  |  | $ | 65,211 |
Six Months Ended June 30, 2021
Beginning balance | $ | 304 |  |  | $ | 18,717 |  |  | $ | 4,277 |  |  | $ | 16,484 |  |  | $ | 5,449 |  |  | $ | 22,163 |  |  |  |  | $ | 15,875 |  |  |  |  |  |  | $ | 83,269 |
Provision (credit) for credit losses on loans | 52 |  |  | (4,658) |  |  | 416 |  |  | 135 |  |  | 851 |  |  | (2,702) |  |  |  |  | 1,969 |  |  |  |  |  |  | (3,937) |
Subtotal | 356 |  |  | 14,059 |  |  | 4,693 |  |  | 16,619 |  |  | 6,300 |  |  | 19,461 |  |  |  |  | 17,844 |  |  |  |  |  |  | 79,332 |
Charge-offs | — |  |  | 1,010 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 2,621 |  |  |  |  |  |  | 3,631 |
Recoveries | — |  |  | 365 |  |  | — |  |  | 292 |  |  | 9 |  |  | 73 |  |  |  |  | 1,341 |  |  |  |  |  |  | 2,080 |
Net charge-offs (recoveries) | — |  |  | 645 |  |  | — |  |  | (292) |  |  | (9) |  |  | (73) |  |  |  |  | 1,280 |  |  |  |  |  |  | 1,551 |
Ending balance | $ | 356 |  |  | $ | 13,414 |  |  | $ | 4,693 |  |  | $ | 16,911 |  |  | $ | 6,309 |  |  | $ | 19,534 |  |  |  |  | $ | 16,564 |  |  |  |  |  |  | $ | 77,781 |
The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three and six months ended June 30, 2022 and June 30, 2021.
(dollars in thousands) |
Three Months Ended June 30, 2022 |
Beginning balance | $ | 4,540 |
(Credit) provision for off-balance sheet credit exposures | (467) |
Ending balance | $ | 4,073 |
Three Months Ended June 30, 2021 |
Beginning balance | $ | 5,037 |
(Credit) provision for off-balance sheet credit exposures | (293) |
Ending balance | $ | 4,744 |
Six Months Ended June 30, 2022 |
Beginning balance | $ | 4,804 |
(Credit) provision for off-balance sheet credit exposures | (731) |
Ending balance | $ | 4,073 |
Six Months Ended June 30, 2021 |
Beginning balance | $ | 4,884 |
(Credit) provision for off-balance sheet credit exposures | (140) |
Ending balance | $ | 4,744 |

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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=123577603&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=124255953&loc=SL82919249-210447 + Details
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