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

9 Months Ended

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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- 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 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

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