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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE | 3 Months Ended
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Sep. 30, 2022
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 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 |
In accordance with GAAP, other real estate assets are not included in our assessment of the ACL. In the three months ended September 30, 2022, our provision for credit losses was a debit of $0.4 million, which consisted of a debit to the provision for credit losses on loans of $0.7 million, offset by a credit to the provision for credit losses on off-balance sheet credit exposures of $0.3 million. In the nine months ended September 30, 2022, our provision for credit losses was a credit of $1.8 million, which consisted of a credit to the provision for credit losses on loans of $0.7 million and a credit to the provision for credit losses on off-balance sheet credit exposures of $1.1 million. In the three months ended September 30, 2021, our provision for credit loss was a credit of $2.6 million, which consisted of a credit to the provision for credit losses on loans of $3.0 million, and a debit to the provision for credit losses on off-balance sheet credit exposures of $0.4 million. In the nine months ended September 30, 2021, our provision for credit loss was a credit of $6.9 million, which consisted of a credit to the provision for credit losses on loans of $6.9 million, a debit to the provision for credit losses on off-balance sheet credit exposures of $0.2 million, and a credit to the provision for accrued interest receivable of $0.2 million.

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- References No definition available. + Details
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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 https://asc.fasb.org/topic&trid=2196771 + Details
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