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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE | 3 Months Ended
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Mar. 31, 2023
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 months ended March 31, 2023 and March 31, 2022:
(dollars in thousands) |  | Commercial, Financial and Agricultural |  | Real Estate |  |  |  |  |  |  |  |  |  |
Three Months Ended March 31, 2023 |  | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  |  |  | Consumer |  |  |  |  |  | Total
Beginning balance |  | $ | 2 |  |  | $ | 6,822 |  |  | $ | 2,867 |  |  | $ | 11,804 |  |  | $ | 4,114 |  |  | $ | 17,902 |  |  |  |  | $ | 20,227 |  |  |  |  |  |  | $ | 63,738 |
Provision (credit) for credit losses on loans |  | (1) |  |  | 837 |  |  | 220 |  |  | (44) |  |  | (77) |  |  | (430) |  |  |  |  | 1,110 |  |  |  |  |  |  | 1,615 |
Subtotal |  | 1 |  |  | 7,659 |  |  | 3,087 |  |  | 11,760 |  |  | 4,037 |  |  | 17,472 |  |  |  |  | 21,337 |  |  |  |  |  |  | 65,353 |
Charge-offs |  | — |  |  | 779 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 2,686 |  |  |  |  |  |  | 3,465 |
Recoveries |  | — |  |  | 250 |  |  | — |  |  | 53 |  |  | — |  |  | — |  |  |  |  | 908 |  |  |  |  |  |  | 1,211 |
Net charge-offs (recoveries) |  | — |  |  | 529 |  |  | — |  |  | (53) |  |  | — |  |  | — |  |  |  |  | 1,778 |  |  |  |  |  |  | 2,254 |
Ending balance |  | $ | 1 |  |  | $ | 7,130 |  |  | $ | 3,087 |  |  | $ | 11,813 |  |  | $ | 4,037 |  |  | $ | 17,472 |  |  |  |  | $ | 19,559 |  |  |  |  |  |  | $ | 63,099 |
(dollars in thousands) |  | Commercial, Financial and Agricultural |  | Real Estate |  |  |  |  |  |  |  |  |  |
Three Months Ended March 31, 2022 |  | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  |  |  | Consumer |  |  |  |  |  | Total
Beginning balance |  | $ | 77 |  |  | $ | 10,314 |  |  | $ | 3,908 |  |  | $ | 12,463 |  |  | $ | 4,509 |  |  | $ | 18,411 |  |  |  |  | $ | 18,415 |  |  |  |  |  |  | $ | 68,097 |
Provision (credit) for credit losses on loans |  | (41) |  |  | (848) |  |  | (72) |  |  | (1,532) |  |  | 132 |  |  | (2,356) |  |  |  |  | 1,786 |  |  |  |  |  |  | (2,931) |
Subtotal |  | 36 |  |  | 9,466 |  |  | 3,836 |  |  | 10,931 |  |  | 4,641 |  |  | 16,055 |  |  |  |  | 20,201 |  |  |  |  |  |  | 65,166 |
Charge-offs |  | — |  |  | 254 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,216 |  |  |  |  |  |  | 1,470 |
Recoveries |  | — |  |  | 350 |  |  | — |  |  | 112 |  |  | — |  |  | — |  |  |  |  | 596 |  |  |  |  |  |  | 1,058 |
Net charge-offs (recoveries) |  | — |  |  | (96) |  |  | — |  |  | (112) |  |  | — |  |  | — |  |  |  |  | 620 |  |  |  |  |  |  | 412 |
Ending balance |  | $ | 36 |  |  | $ | 9,562 |  |  | $ | 3,836 |  |  | $ | 11,043 |  |  | $ | 4,641 |  |  | $ | 16,055 |  |  |  |  | $ | 19,581 |  |  |  |  |  |  | $ | 64,754 |
In accordance with GAAP, other real estate assets are not included in our assessment of the ACL. In the three months ended March 31, 2023, we recorded a provision for credit losses of $1.9 million, which consisted of a provision for credit losses on loans of $1.6 million and a provision for credit losses on off-balance sheet credit exposures of $0.3 million. In the three months ended March 31, 2022, we recorded a credit to the provision for credit losses of $3.2 million, which consisted of a credit to the provision for credit losses on loans of $2.9 million and a credit to the provision for credit losses on off-balance sheet credit exposures of $0.3 million. The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three months ended March 31, 2023 and March 31, 2022.
| Three Months Ended March 31, |  |
(dollars in thousands) | 2023 |  | 2022 |  |  |  |
Beginning balance | $ | 3,243 |  |  | $ | 4,804 |  |  |  |  |
Provision (credit) for off-balance sheet credit exposures | 237 |  |  | (264) |  |  |  |  |
Ending balance | $ | 3,480 |  |  | $ | 4,540 |  |  |  |  |

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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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