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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2024
ALLOWANCE FOR LOAN AND LEASE LOSSES |  |
ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES | 4. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES The following tables present by class, the activities in the ACL for loans during the periods presented:
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Three Months Ended June 30, 2024 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 7,008 |  |  | $ | 3,619 |  |  | $ | 16,026 |  |  | $ | 3,733 |  |  | $ | 17,004 |  |  | $ | 16,142 |  |  |  |  | $ | 63,532 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 452 |  |  | 179 |  |  | (362) |  |  | 96 |  |  | 333 |  |  | 1,750 |  |  |  |  | 2,448 |
Subtotal |  |  |  |  |  | 7,460 |  |  | 3,798 |  |  | 15,664 |  |  | 3,829 |  |  | 17,337 |  |  | 17,892 |  |  |  |  | 65,980 |
Charge-offs |  |  |  |  |  | (519) |  |  | — |  |  | (284) |  |  | — |  |  | — |  |  | (4,345) |  |  |  |  | (5,148) |
Recoveries |  |  |  |  |  | 130 |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 1,254 |  |  |  |  | 1,393 |
Net (charge-offs) recoveries |  |  |  |  |  | (389) |  |  | — |  |  | (275) |  |  | — |  |  | — |  |  | (3,091) |  |  |  |  | (3,755) |
Ending balance |  |  |  |  |  | $ | 7,071 |  |  | $ | 3,798 |  |  | $ | 15,389 |  |  | $ | 3,829 |  |  | $ | 17,337 |  |  | $ | 14,801 |  |  |  |  | $ | 62,225 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Three Months Ended June 30, 2023 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 7,131 |  |  | $ | 3,087 |  |  | $ | 11,813 |  |  | $ | 4,037 |  |  | $ | 17,472 |  |  | $ | 19,559 |  |  |  |  | $ | 63,099 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 52 |  |  | 567 |  |  | 413 |  |  | (87) |  |  | (107) |  |  | 3,297 |  |  |  |  | 4,135 |
Subtotal |  |  |  |  |  | 7,183 |  |  | 3,654 |  |  | 12,226 |  |  | 3,950 |  |  | 17,365 |  |  | 22,856 |  |  |  |  | 67,234 |
Charge-offs |  |  |  |  |  | (362) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,873) |  |  |  |  | (4,235) |
Recoveries |  |  |  |  |  | 125 |  |  | — |  |  | 7 |  |  | 15 |  |  | — |  |  | 703 |  |  |  |  | 850 |
Net (charge-offs) recoveries |  |  |  |  |  | (237) |  |  | — |  |  | 7 |  |  | 15 |  |  | — |  |  | (3,170) |  |  |  |  | (3,385) |
Ending balance |  |  |  |  |  | $ | 6,946 |  |  | $ | 3,654 |  |  | $ | 12,233 |  |  | $ | 3,965 |  |  | $ | 17,365 |  |  | $ | 19,686 |  |  |  |  | $ | 63,849 |
The following table presents the activities in the reserve for off-balance sheet credit exposures, included in other liabilities, during the periods presented. The (credit) provision for off-balance sheet credit exposures is included in the provision for credit losses on the Company's income statement during the periods presented.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 3,521 |  |  | $ | 3,480 |  |  | $ | 3,706 |  |  | $ | 3,243 |
(Credit) provision for off-balance sheet credit exposures | (209) |  |  | 184 |  |  | (394) |  |  | 421 |
Ending balance | $ | 3,312 |  |  | $ | 3,664 |  |  | $ | 3,312 |  |  | $ | 3,664 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Six Months Ended June 30, 2024 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 7,181 |  |  | $ | 4,004 |  |  | $ | 14,626 |  |  | $ | 3,501 |  |  | $ | 17,543 |  |  | $ | 17,079 |  |  |  |  | $ | 63,934 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 871 |  |  | (206) |  |  | 1,030 |  |  | 322 |  |  | (206) |  |  | 4,758 |  |  |  |  | 6,569 |
Subtotal |  |  |  |  |  | 8,052 |  |  | 3,798 |  |  | 15,656 |  |  | 3,823 |  |  | 17,337 |  |  | 21,837 |  |  |  |  | 70,503 |
Charge-offs |  |  |  |  |  | (1,201) |  |  | — |  |  | (284) |  |  | — |  |  | — |  |  | (9,183) |  |  |  |  | (10,668) |
Recoveries |  |  |  |  |  | 220 |  |  | — |  |  | 17 |  |  | 6 |  |  | — |  |  | 2,147 |  |  |  |  | 2,390 |
Net (charge-offs) recoveries |  |  |  |  |  | (981) |  |  | — |  |  | (267) |  |  | 6 |  |  | — |  |  | (7,036) |  |  |  |  | (8,278) |
Ending balance |  |  |  |  |  | $ | 7,071 |  |  | $ | 3,798 |  |  | $ | 15,389 |  |  | $ | 3,829 |  |  | $ | 17,337 |  |  | $ | 14,801 |  |  |  |  | $ | 62,225 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Six Months Ended June 30, 2023 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 6,824 |  |  | $ | 2,867 |  |  | $ | 11,804 |  |  | $ | 4,114 |  |  | $ | 17,902 |  |  | $ | 20,227 |  |  |  |  | $ | 63,738 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 888 |  |  | 787 |  |  | 369 |  |  | (164) |  |  | (537) |  |  | 4,407 |  |  |  |  | 5,750 |
Subtotal |  |  |  |  |  | 7,712 |  |  | 3,654 |  |  | 12,173 |  |  | 3,950 |  |  | 17,365 |  |  | 24,634 |  |  |  |  | 69,488 |
Charge-offs |  |  |  |  |  | (1,141) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,559) |  |  |  |  | (7,700) |
Recoveries |  |  |  |  |  | 375 |  |  | — |  |  | 60 |  |  | 15 |  |  | — |  |  | 1,611 |  |  |  |  | 2,061 |
Net (charge-offs) recoveries |  |  |  |  |  | (766) |  |  | — |  |  | 60 |  |  | 15 |  |  | — |  |  | (4,948) |  |  |  |  | (5,639) |
Ending balance |  |  |  |  |  | $ | 6,946 |  |  | $ | 3,654 |  |  | $ | 12,233 |  |  | $ | 3,965 |  |  | $ | 17,365 |  |  | $ | 19,686 |  |  |  |  | $ | 63,849 |

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org//310/tableOfContent + Details
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