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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2022 and September 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 September 30, 2022
Beginning balance | $ | 15 |  |  | $ | 7,725 |  |  | $ | 3,065 |  |  | $ | 12,767 |  |  | $ | 4,045 |  |  | $ | 17,858 |  |  |  |  | $ | 19,736 |  |  |  |  |  |  | $ | 65,211 |
Provision (credit) for credit losses on loans | (11) |  |  | (483) |  |  | (452) |  |  | (1,150) |  |  | (157) |  |  | (28) |  |  |  |  | 3,012 |  |  |  |  |  |  | 731 |
Subtotal | 4 |  |  | 7,242 |  |  | 2,613 |  |  | 11,617 |  |  | 3,888 |  |  | 17,830 |  |  |  |  | 22,748 |  |  |  |  |  |  | 65,942 |
Charge-offs | — |  |  | 550 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,912 |  |  |  |  |  |  | 2,462 |
Recoveries | — |  |  | 220 |  |  | 14 |  |  | 14 |  |  | 36 |  |  | — |  |  |  |  | 618 |  |  |  |  |  |  | 902 |
Net charge-offs (recoveries) | — |  |  | 330 |  |  | (14) |  |  | (14) |  |  | (36) |  |  | — |  |  |  |  | 1,294 |  |  |  |  |  |  | 1,560 |
Ending balance | $ | 4 |  |  | $ | 6,912 |  |  | $ | 2,627 |  |  | $ | 11,631 |  |  | $ | 3,924 |  |  | $ | 17,830 |  |  |  |  | $ | 21,454 |  |  |  |  |  |  | $ | 64,382 |
Three Months Ended September 30, 2021
Beginning balance | $ | 356 |  |  | $ | 13,414 |  |  | $ | 4,693 |  |  | $ | 16,911 |  |  | $ | 6,309 |  |  | $ | 19,534 |  |  |  |  | $ | 16,564 |  |  |  |  |  |  | $ | 77,781 |
Provision (credit) for credit losses on loans | (171) |  |  | (494) |  |  | (459) |  |  | (2,409) |  |  | (594) |  |  | (405) |  |  |  |  | 1,563 |  |  |  |  |  |  | (2,969) |
Subtotal | 185 |  |  | 12,920 |  |  | 4,234 |  |  | 14,502 |  |  | 5,715 |  |  | 19,129 |  |  |  |  | 18,127 |  |  |  |  |  |  | 74,812 |
Charge-offs | — |  |  | 334 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 829 |  |  |  |  |  |  | 1,163 |
Recoveries | — |  |  | 281 |  |  | — |  |  | 53 |  |  | — |  |  | — |  |  |  |  | 604 |  |  |  |  |  |  | 938 |
Net charge-offs (recoveries) | — |  |  | 53 |  |  | — |  |  | (53) |  |  | — |  |  | — |  |  |  |  | 225 |  |  |  |  |  |  | 225 |
Ending balance | $ | 185 |  |  | $ | 12,867 |  |  | $ | 4,234 |  |  | $ | 14,555 |  |  | $ | 5,715 |  |  | $ | 19,129 |  |  |  |  | $ | 17,902 |  |  |  |  |  |  | $ | 74,587 |
| Commercial, Financial and Agricultural |  | Real Estate |  |  |  |  |  |  |  |  |  |
(dollars in thousands) | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  |  |  | Consumer |  |  |  |  |  | Total
Nine Months Ended September 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 | (73) |  |  | (2,896) |  |  | (1,357) |  |  | (994) |  |  | (621) |  |  | (581) |  |  |  |  | 5,778 |  |  |  |  |  |  | (744) |
Subtotal | 4 |  |  | 7,418 |  |  | 2,551 |  |  | 11,469 |  |  | 3,888 |  |  | 17,830 |  |  |  |  | 24,193 |  |  |  |  |  |  | 67,353 |
Charge-offs | — |  |  | 1,291 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 4,518 |  |  |  |  |  |  | 5,809 |
Recoveries | — |  |  | 785 |  |  | 76 |  |  | 162 |  |  | 36 |  |  | — |  |  |  |  | 1,779 |  |  |  |  |  |  | 2,838 |
Net charge-offs (recoveries) | — |  |  | 506 |  |  | (76) |  |  | (162) |  |  | (36) |  |  | — |  |  |  |  | 2,739 |  |  |  |  |  |  | 2,971 |
Ending balance | $ | 4 |  |  | $ | 6,912 |  |  | $ | 2,627 |  |  | $ | 11,631 |  |  | $ | 3,924 |  |  | $ | 17,830 |  |  |  |  | $ | 21,454 |  |  |  |  |  |  | $ | 64,382 |
Nine Months Ended September 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 | (119) |  |  | (5,152) |  |  | (43) |  |  | (2,274) |  |  | 257 |  |  | (3,107) |  |  |  |  | 3,532 |  |  |  |  |  |  | (6,906) |
Subtotal | 185 |  |  | 13,565 |  |  | 4,234 |  |  | 14,210 |  |  | 5,706 |  |  | 19,056 |  |  |  |  | 19,407 |  |  |  |  |  |  | 76,363 |
Charge-offs | — |  |  | 1,344 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 3,450 |  |  |  |  |  |  | 4,794 |
Recoveries | — |  |  | 646 |  |  | — |  |  | 345 |  |  | 9 |  |  | 73 |  |  |  |  | 1,945 |  |  |  |  |  |  | 3,018 |
Net charge-offs (recoveries) | — |  |  | 698 |  |  | — |  |  | (345) |  |  | (9) |  |  | (73) |  |  |  |  | 1,505 |  |  |  |  |  |  | 1,776 |
Ending balance | $ | 185 |  |  | $ | 12,867 |  |  | $ | 4,234 |  |  | $ | 14,555 |  |  | $ | 5,715 |  |  | $ | 19,129 |  |  |  |  | $ | 17,902 |  |  |  |  |  |  | $ | 74,587 |
The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three and nine months ended September 30, 2022 and September 30, 2021.
(dollars in thousands) |
Three Months Ended September 30, 2022 |
Beginning balance | $ | 4,073 |
(Credit) provision for off-balance sheet credit exposures | (369) |
Ending balance | $ | 3,704 |
Three Months Ended September 30, 2021 |
Beginning balance | $ | 4,744 |
Provision for off-balance sheet credit exposures | 334 |
Ending balance | $ | 5,078 |
Nine Months Ended September 30, 2022 |
Beginning balance | $ | 4,804 |
(Credit) provision for off-balance sheet credit exposures | (1,100) |
Ending balance | $ | 3,704 |
Nine Months Ended September 30, 2021 |
Beginning balance | $ | 4,884 |
Provision for off-balance sheet credit exposures | 194 |
Ending balance | $ | 5,078 |

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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 https://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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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