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ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES (Tables) | 9 Months Ended
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Sep. 30, 2024
ALLOWANCE FOR LOAN AND LEASE LOSSES |
Schedule of activity in the allowance, by class | 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 September 30, 2024 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 7,071 |  |  | $ | 3,798 |  |  | $ | 15,389 |  |  | $ | 3,829 |  |  | $ | 17,337 |  |  | $ | 14,801 |  |  |  |  | $ | 62,225 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 617 |  |  | (1,230) |  |  | 1,052 |  |  | (1,360) |  |  | 1,204 |  |  | 2,757 |  |  |  |  | 3,040 |
Subtotal |  |  |  |  |  | 7,688 |  |  | 2,568 |  |  | 16,441 |  |  | 2,469 |  |  | 18,541 |  |  | 17,558 |  |  |  |  | 65,265 |
Charge-offs |  |  |  |  |  | (663) |  |  | — |  |  | (99) |  |  | — |  |  | — |  |  | (3,956) |  |  |  |  | (4,718) |
Recoveries |  |  |  |  |  | 158 |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 934 |  |  |  |  | 1,100 |
Net (charge-offs) recoveries |  |  |  |  |  | (505) |  |  | — |  |  | (91) |  |  | — |  |  | — |  |  | (3,022) |  |  |  |  | (3,618) |
Ending balance |  |  |  |  |  | $ | 7,183 |  |  | $ | 2,568 |  |  | $ | 16,350 |  |  | $ | 2,469 |  |  | $ | 18,541 |  |  | $ | 14,536 |  |  |  |  | $ | 61,647 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Three Months Ended September 30, 2023 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 6,946 |  |  | $ | 3,654 |  |  | $ | 12,233 |  |  | $ | 3,965 |  |  | $ | 17,365 |  |  | $ | 19,686 |  |  |  |  | $ | 63,849 |
Provision (credit) for credit losses on loans |  |  |  |  |  | (330) |  |  | 953 |  |  | 1,727 |  |  | (913) |  |  | 1,738 |  |  | 1,351 |  |  |  |  | 4,526 |
Subtotal |  |  |  |  |  | 6,616 |  |  | 4,607 |  |  | 13,960 |  |  | 3,052 |  |  | 19,103 |  |  | 21,037 |  |  |  |  | 68,375 |
Charge-offs |  |  |  |  |  | (402) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,710) |  |  |  |  | (5,112) |
Recoveries |  |  |  |  |  | 261 |  |  | 1 |  |  | 10 |  |  | — |  |  | — |  |  | 982 |  |  |  |  | 1,254 |
Net (charge-offs) recoveries |  |  |  |  |  | (141) |  |  | 1 |  |  | 10 |  |  | — |  |  | — |  |  | (3,728) |  |  |  |  | (3,858) |
Ending balance |  |  |  |  |  | $ | 6,475 |  |  | $ | 4,608 |  |  | $ | 13,970 |  |  | $ | 3,052 |  |  | $ | 19,103 |  |  | $ | 17,309 |  |  |  |  | $ | 64,517 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Nine Months Ended September 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 |  |  |  |  |  | 1,488 |  |  | (1,436) |  |  | 2,082 |  |  | (1,038) |  |  | 998 |  |  | 7,515 |  |  |  |  | 9,609 |
Subtotal |  |  |  |  |  | 8,669 |  |  | 2,568 |  |  | 16,708 |  |  | 2,463 |  |  | 18,541 |  |  | 24,594 |  |  |  |  | 73,543 |
Charge-offs |  |  |  |  |  | (1,864) |  |  | — |  |  | (383) |  |  | — |  |  | — |  |  | (13,139) |  |  |  |  | (15,386) |
Recoveries |  |  |  |  |  | 378 |  |  | — |  |  | 25 |  |  | 6 |  |  | — |  |  | 3,081 |  |  |  |  | 3,490 |
Net (charge-offs) recoveries |  |  |  |  |  | (1,486) |  |  | — |  |  | (358) |  |  | 6 |  |  | — |  |  | (10,058) |  |  |  |  | (11,896) |
Ending balance |  |  |  |  |  | $ | 7,183 |  |  | $ | 2,568 |  |  | $ | 16,350 |  |  | $ | 2,469 |  |  | $ | 18,541 |  |  | $ | 14,536 |  |  |  |  | $ | 61,647 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Nine Months Ended September 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 |  |  |  |  |  | 558 |  |  | 1,740 |  |  | 2,096 |  |  | (1,077) |  |  | 1,201 |  |  | 5,758 |  |  |  |  | 10,276 |
Subtotal |  |  |  |  |  | 7,382 |  |  | 4,607 |  |  | 13,900 |  |  | 3,037 |  |  | 19,103 |  |  | 25,985 |  |  |  |  | 74,014 |
Charge-offs |  |  |  |  |  | (1,543) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,269) |  |  |  |  | (12,812) |
Recoveries |  |  |  |  |  | 636 |  |  | 1 |  |  | 70 |  |  | 15 |  |  | — |  |  | 2,593 |  |  |  |  | 3,315 |
Net (charge-offs) recoveries |  |  |  |  |  | (907) |  |  | 1 |  |  | 70 |  |  | 15 |  |  | — |  |  | (8,676) |  |  |  |  | (9,497) |
Ending balance |  |  |  |  |  | $ | 6,475 |  |  | $ | 4,608 |  |  | $ | 13,970 |  |  | $ | 3,052 |  |  | $ | 19,103 |  |  | $ | 17,309 |  |  |  |  | $ | 64,517 |
Schedule of Credit Losses Related to Impaired Financing Receivables | 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 September 30, |  | Nine Months Ended September 30,
(dollars in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 3,312 |  |  | $ | 3,664 |  |  | $ | 3,706 |  |  | $ | 3,243 |
(Credit) provision for off-balance sheet credit exposures | (207) |  |  | 348 |  |  | (601) |  |  | 769 |
Ending balance | $ | 3,105 |  |  | $ | 4,012 |  |  | $ | 3,105 |  |  | $ | 4,012 |

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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 current. + 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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