ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES

3 Months Ended

6 Months Ended

Jun. 30, 2024

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