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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables)

6 Months Ended

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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- References

No definition available.

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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

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