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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES (Tables) | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Schedule of activity in the allowance, by class | The following tables present the activity in the ACL for loans by class for the years ended December 31, 2023, 2022 and 2021:
| Commercial and Industrial |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  |  |  | Total
Year ended December 31, 2023
Beginning balance | $ | 2 |  |  | $ | 6,822 |  |  | $ | 2,867 |  |  | $ | 11,804 |  |  | $ | 4,114 |  |  | $ | 17,902 |  |  | $ | 20,227 |  |  |  |  |  |  | $ | 63,738 |
Provision (credit) for credit losses on loans | (2) |  |  | 1,601 |  |  | 1,136 |  |  | 2,745 |  |  | (670) |  |  | (359) |  |  | 10,784 |  |  |  |  |  |  | 15,235 |
Subtotal | — |  |  | 8,423 |  |  | 4,003 |  |  | 14,549 |  |  | 3,444 |  |  | 17,543 |  |  | 31,011 |  |  |  |  |  |  | 78,973 |
Charge-offs | — |  |  | 1,962 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,245 |  |  |  |  |  |  | 19,207 |
Recoveries | — |  |  | 720 |  |  | 1 |  |  | 77 |  |  | 57 |  |  | — |  |  | 3,313 |  |  |  |  |  |  | 4,168 |
Net charge-offs (recoveries) | — |  |  | 1,242 |  |  | (1) |  |  | (77) |  |  | (57) |  |  | — |  |  | 13,932 |  |  |  |  |  |  | 15,039 |
Ending balance | $ | — |  |  | $ | 7,181 |  |  | $ | 4,004 |  |  | $ | 14,626 |  |  | $ | 3,501 |  |  | $ | 17,543 |  |  | $ | 17,079 |  |  |  |  |  |  | $ | 63,934 |
| Commercial and Industrial |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  |  |  | Total
Year ended December 31, 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 | (75) |  |  | (2,518) |  |  | (1,117) |  |  | (954) |  |  | (431) |  |  | (509) |  |  | 5,892 |  |  |  |  |  |  | 288 |
Subtotal | 2 |  |  | 7,796 |  |  | 2,791 |  |  | 11,509 |  |  | 4,078 |  |  | 17,902 |  |  | 24,307 |  |  |  |  |  |  | 68,385 |
Charge-offs | — |  |  | 1,969 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,399 |  |  |  |  |  |  | 8,368 |
Recoveries | — |  |  | 995 |  |  | 76 |  |  | 295 |  |  | 36 |  |  | — |  |  | 2,319 |  |  |  |  |  |  | 3,721 |
Net charge-offs (recoveries) | — |  |  | 974 |  |  | (76) |  |  | (295) |  |  | (36) |  |  | — |  |  | 4,080 |  |  |  |  |  |  | 4,647 |
Ending balance | $ | 2 |  |  | $ | 6,822 |  |  | $ | 2,867 |  |  | $ | 11,804 |  |  | $ | 4,114 |  |  | $ | 17,902 |  |  | $ | 20,227 |  |  |  |  |  |  | $ | 63,738 |
| Commercial and Industrial |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) | SBA PPP |  | Other |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  |  |  | Total
Year ended December 31, 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 [1] | (227) |  |  | (7,684) |  |  | (1,528) |  |  | (4,379) |  |  | (949) |  |  | (3,825) |  |  | 4,269 |  |  |  |  |  |  | (14,323) |
Subtotal | 77 |  |  | 11,033 |  |  | 2,749 |  |  | 12,105 |  |  | 4,500 |  |  | 18,338 |  |  | 20,144 |  |  |  |  |  |  | 68,946 |
Charge-offs | — |  |  | 1,723 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,402 |  |  |  |  |  |  | 6,125 |
Recoveries | — |  |  | 1,004 |  |  | 1,159 |  |  | 358 |  |  | 9 |  |  | 73 |  |  | 2,673 |  |  |  |  |  |  | 5,276 |
Net charge-offs | — |  |  | 719 |  |  | (1,159) |  |  | (358) |  |  | (9) |  |  | (73) |  |  | 1,729 |  |  |  |  |  |  | 849 |
Ending balance | $ | 77 |  |  | $ | 10,314 |  |  | $ | 3,908 |  |  | $ | 12,463 |  |  | $ | 4,509 |  |  | $ | 18,411 |  |  | $ | 18,415 |  |  |  |  |  |  | $ | 68,097 |
[1] In 2020, the Company recorded a reserve on accrued interest receivable for loans on active payment forbearance or deferral, which were granted to borrowers impacted by the COVID-19 pandemic. This reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. Due to the significant decline in loans on active forbearance or deferral, the Company reversed the $0.2 million reserve during the second quarter of 2021 and no longer has a reserve on accrued interest receivable as of December 31, 2023, 2022 and 2021. The provision for credit losses presented in this table excludes the provision (credit) for credit losses on accrued interest receivable of $0.2 million.
Schedule of changes in the allowance for loan and lease losses for impaired loans | The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the years ended December 31, 2023, 2022 and 2021.
|  | Year Ended December 31,
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2021
Balance, beginning of year |  | $ | 3,243 |  |  | $ | 4,804 |  |  | $ | 4,884 |
Provision (credit) for off-balance sheet credit exposures |  | 463 |  |  | (1,561) |  |  | (80) |
Balance, end of year |  | $ | 3,706 |  |  | $ | 3,243 |  |  | $ | 4,804 |

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- Definition Tabular disclosure of the activity in the allowance for credit losses related to impaired financing receivables, including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged-off. + References No definition available. + Details
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- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as noncurrent. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
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