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Loans and Allowance for Loan and Lease Losses | 9 Months Ended
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Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Loans and Allowance for Loan and Lease Losses | Note 5 - Loans and Allowance for Loan and Lease Losses As of September 30, 2022 and December 31, 2021, the types of loans in Mid Penn’s portfolio, summarized using Mid Penn’s internal risk rating system between those rated "pass" (net of deferred fees and costs of $4.0 million as of September 30, 2022 and $6.3 million as of December 31, 2021), which comprise the vast majority of the portfolio, and those classified as "special mention" and "substandard", are as follows:
(Dollars in thousands) |  | Pass |  | Special Mention |  | Substandard |  | Total
September 30, 2022 |  |  |  |
Commercial and industrial |  | $ | 544,077 |  |  | $ | 10,265 |  |  | $ | 2,454 |  |  | $ | 556,796 |
Commercial real estate |  | 1,907,103 |  |  | 16,126 |  |  | 21,573 |  |  | 1,944,802 |
Commercial real estate - construction |  | 398,966 |  |  | — |  |  | 1,222 |  |  | 400,188 |
Residential mortgage |  | 290,952 |  |  | 2,529 |  |  | 3,429 |  |  | 296,910 |
Home equity |  | 114,848 |  |  | — |  |  | 760 |  |  | 115,608 |
Consumer |  | 8,153 |  |  | — |  |  | — |  |  | 8,153 |
|  | $ | 3,264,099 |  |  | $ | 28,920 |  |  | $ | 29,438 |  |  | $ | 3,322,457 |
(Dollars in thousands) |  | Pass |  | Special Mention |  | Substandard |  | Total
December 31, 2021 |  |  |  |
Commercial and industrial |  | $ | 606,484 |  |  | $ | 10,321 |  |  | $ | 2,757 |  |  | $ | 619,562 |
Commercial real estate |  | 1,601,196 |  |  | 35,508 |  |  | 31,438 |  |  | 1,668,142 |
Commercial real estate - construction |  | 371,337 |  |  | — |  |  | 1,397 |  |  | 372,734 |
Residential mortgage |  | 319,862 |  |  | 294 |  |  | 3,067 |  |  | 323,223 |
Home equity |  | 106,853 |  |  | 534 |  |  | 2,919 |  |  | 110,306 |
Consumer |  | 10,429 |  |  | — |  |  | — |  |  | 10,429 |
|  | $ | 3,016,161 |  |  | $ | 46,657 |  |  | $ | 41,578 |  |  | $ | 3,104,396 |
Mid Penn had $2.8 million and $111.3 million of PPP loans outstanding, net of deferred fees, as of September 30, 2022 and December 31, 2021, respectively. All PPP loans are included in commercial and industrial loans and are fully guaranteed by the Small Business Administration ("SBA"); therefore, all PPP loans outstanding (net of the related deferred PPP fees) are classified as "pass" within Mid Penn’s internal risk rating system as of September 30, 2022. Mid Penn had no loans classified as "doubtful" as of September 30, 2022 and December 31, 2021. Impaired loans by loan portfolio class as of September 30, 2022 and December 31, 2021 are summarized as follows:
| September 30, 2022 |  | December 31, 2021
(Dollars in thousands) | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | 18 |  |  | $ | — |  |  | $ | — |  |  | $ | 31 |  |  | $ | — |
Commercial real estate | 601 |  |  | 1,022 |  |  | — |  |  | 854 |  |  | 1,243 |  |  | — |
Commercial real estate - construction | — |  |  | 4 |  |  | — |  |  | 22 |  |  | 27 |  |  | — |
Residential mortgage | 1,296 |  |  | 1,369 |  |  | — |  |  | 1,259 |  |  | 1,295 |  |  | — |
Home equity | 31 |  |  | 31 |  |  | — |  |  | 2,377 |  |  | 2,377 |  |  | — |
With no related allowance recorded and acquired with credit deterioration: |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 1,364 |  |  | $ | 2,101 |  |  | $ | — |  |  | $ | 2,231 |  |  | $ | 2,909 |  |  | $ | — |
Commercial real estate - construction | 1,222 |  |  | 1,461 |  |  | — |  |  | 1,196 |  |  | 1,469 |  |  | — |
Residential mortgage | 1,149 |  |  | 1,708 |  |  | — |  |  | 1,362 |  |  | 1,847 |  |  | — |
Home equity | 83 |  |  | 104 |  |  | — |  |  | 86 |  |  | 111 |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,309 |  |  | $ | 1,781 |  |  | $ | 831 |  |  | $ | 308 |  |  | $ | 339 |  |  | $ | 67 |
Commercial real estate | 112 |  |  | 112 |  |  | 28 |  |  | 287 |  |  | 359 |  |  | 121 |
Residential mortgage | 96 |  |  | 96 |  |  | 6 |  |  | — |  |  | — |  |  | — |
Home equity | 252 |  |  | 252 |  |  | 45 |  |  | — |  |  | — |  |  | — |
Total Impaired Loans: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,309 |  |  | $ | 1,799 |  |  | $ | 831 |  |  | $ | 308 |  |  | $ | 370 |  |  | $ | 67 |
Commercial real estate | 2,077 |  |  | 3,235 |  |  | 28 |  |  | 3,372 |  |  | 4,511 |  |  | 121 |
Commercial real estate - construction | 1,222 |  |  | 1,465 |  |  | — |  |  | 1,218 |  |  | 1,496 |  |  | — |
Residential mortgage | 2,541 |  |  | 3,173 |  |  | 6 |  |  | 2,621 |  |  | 3,142 |  |  | — |
Home equity | 366 |  |  | 387 |  |  | 45 |  |  | 2,463 |  |  | 2,488 |  |  | — |
The average recorded investment of impaired loans and related interest income recognized for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, 2022 |  | September 30, 2021 |  | September 30, 2022 |  | September 30, 2021
(Dollars in thousands) | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 75 |  |  | $ | — |  |  | $ | 379 |  |  | $ | — |
Commercial real estate | 619 |  |  | — |  |  | 938 |  |  | — |  |  | 920 |  |  | — |  |  | 2,671 |  |  | 1 |
Commercial real estate - construction | — |  |  | — |  |  | 23 |  |  | — |  |  | 148 |  |  | — |  |  | 27 |  |  | — |
Residential mortgage | 1,305 |  |  | 6 |  |  | 1,018 |  |  | 6 |  |  | 1,766 |  |  | 17 |  |  | 902 |  |  | 20 |
Home equity | 15 |  |  | 1 |  |  | 2,379 |  |  | — |  |  | 769 |  |  | 184 |  |  | 2,364 |  |  | — |
With no related allowance recorded and acquired with credit deterioration: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 1,384 |  |  | — |  |  | 1,368 |  |  | — |  |  | 1,777 |  |  | — |  |  | 1,383 |  |  | — |
Commercial real estate - construction | 1,226 |  |  | — |  |  | — |  |  | — |  |  | 1,217 |  |  | — |  |  | — |  |  | — |
Residential mortgage | 1,172 |  |  | — |  |  | 281 |  |  | — |  |  | 1,253 |  |  | — |  |  | 291 |  |  | — |
Home equity | 83 |  |  | — |  |  | — |  |  | — |  |  | 84 |  |  | — |  |  | — |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,333 |  |  | $ | — |  |  | $ | 217 |  |  | $ | — |  |  | $ | 1,158 |  |  | $ | — |  |  | $ | 187 |  |  | $ | — |
Commercial real estate | 112 |  |  | — |  |  | 1,503 |  |  | — |  |  | 112 |  |  | — |  |  | 1,192 |  |  | — |
Residential mortgage | 96 |  |  | — |  |  | — |  |  | — |  |  | 70 |  |  | — |  |  | — |  |  | — |
Home equity | 252 |  |  | — |  |  | — |  |  | — |  |  | 172 |  |  | — |  |  | — |  |  | — |
Total Impaired Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,333 |  |  | $ | — |  |  | $ | 222 |  |  | $ | — |  |  | $ | 1,233 |  |  | $ | — |  |  | $ | 566 |  |  | $ | — |
Commercial real estate | 2,115 |  |  | — |  |  | 3,809 |  |  | — |  |  | 2,809 |  |  | — |  |  | 5,246 |  |  | 1 |
Commercial real estate - construction | 1,226 |  |  | — |  |  | 23 |  |  | — |  |  | 1,365 |  |  | — |  |  | 27 |  |  | — |
Residential mortgage | 2,573 |  |  | 6 |  |  | 1,299 |  |  | 6 |  |  | 3,089 |  |  | 17 |  |  | 1,193 |  |  | 20 |
Home equity | 350 |  |  | 1 |  |  | 2,379 |  |  | — |  |  | 1,025 |  |  | 184 |  |  | 2,364 |  |  | — |
Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of September 30, 2022 and December 31, 2021 are summarized as follows:
(Dollars in thousands) | September 30, 2022 |  | December 31, 2021
Commercial and industrial | $ | 1,309 |  |  | $ | 308 |
Commercial real estate | 2,063 |  |  | 3,372 |
Commercial real estate - construction | 1,222 |  |  | 1,218 |
Residential mortgage | 2,228 |  |  | 2,186 |
Home equity | 411 |  |  | 2,463 |
| $ | 7,233 |  |  | $ | 9,547 |
The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The classes of the loan portfolio summarized by the past due status as of September 30, 2022 and December 31, 2021 are summarized as follows:
(Dollars in thousands) |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days |  | Total Past Due |  | Current |  | Total Loans |  | Loans Receivable > 90 Days and Accruing
September 30, 2022 |  |  |  |  |  |  |
Commercial and industrial |  | $ | 136 |  |  | $ | 756 |  |  | $ | 1,121 |  |  | $ | 2,013 |  |  | $ | 554,783 |  |  | $ | 556,796 |  |  | $ | 633 |
Commercial real estate |  | 1,274 |  |  | 1,530 |  |  | 258 |  |  | 3,062 |  |  | 1,940,376 |  |  | 1,943,438 |  |  | — |
Commercial real estate - construction |  | 321 |  |  | — |  |  | — |  |  | 321 |  |  | 398,645 |  |  | 398,966 |  |  | — |
Residential mortgage |  | 355 |  |  | 150 |  |  | 434 |  |  | 939 |  |  | 294,822 |  |  | 295,761 |  |  | — |
Home equity |  | 70 |  |  | — |  |  | 252 |  |  | 322 |  |  | 115,203 |  |  | 115,525 |  |  | — |
Consumer |  | 12 |  |  | — |  |  | — |  |  | 12 |  |  | 8,141 |  |  | 8,153 |  |  | — |
Loans acquired with credit deterioration: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | — |  |  | — |  |  | 850 |  |  | 850 |  |  | 514 |  |  | 1,364 |  |  | — |
Commercial real estate - construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,222 |  |  | 1,222 |  |  | — |
Residential mortgage |  | 73 |  |  | 229 |  |  | 304 |  |  | 606 |  |  | 543 |  |  | 1,149 |  |  | — |
Home equity |  | — |  |  | — |  |  | 32 |  |  | 32 |  |  | 51 |  |  | 83 |  |  | — |
Total |  | $ | 2,241 |  |  | $ | 2,665 |  |  | $ | 3,251 |  |  | $ | 8,157 |  |  | $ | 3,314,300 |  |  | $ | 3,322,457 |  |  | $ | 633 |
(Dollars in thousands) |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days |  | Total Past Due |  | Current |  | Total Loans |  | Loans Receivable > 90 Days and Accruing
December 31, 2021 |  |  |  |  |  |  |
Commercial and industrial |  | $ | 1,378 |  |  | $ | 62 |  |  | $ | 404 |  |  | $ | 1,844 |  |  | $ | 617,718 |  |  | $ | 619,562 |  |  | $ | 96 |
Commercial real estate |  | 32 |  |  | 55 |  |  | 769 |  |  | 856 |  |  | 1,665,055 |  |  | 1,665,911 |  |  | — |
Commercial real estate - construction |  | — |  |  | — |  |  | 205 |  |  | 205 |  |  | 371,333 |  |  | 371,538 |  |  | 205 |
Residential mortgage |  | 1,246 |  |  | 205 |  |  | 1,002 |  |  | 2,453 |  |  | 319,408 |  |  | 321,861 |  |  | 212 |
Home equity |  | 403 |  |  | — |  |  | 2,377 |  |  | 2,780 |  |  | 107,440 |  |  | 110,220 |  |  | — |
Consumer |  | 6 |  |  | 2 |  |  | 2 |  |  | 10 |  |  | 10,419 |  |  | 10,429 |  |  | 2 |
Loans acquired with credit deterioration: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | — |  |  | 3 |  |  | 1,628 |  |  | 1,631 |  |  | 600 |  |  | 2,231 |  |  | — |
Commercial real estate - construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,196 |  |  | 1,196 |  |  | — |
Residential mortgage |  | 54 |  |  | — |  |  | 818 |  |  | 872 |  |  | 490 |  |  | 1,362 |  |  | — |
Home equity |  | — |  |  | — |  |  | — |  |  | — |  |  | 86 |  |  | 86 |  |  | — |
Total |  | $ | 3,119 |  |  | $ | 327 |  |  | $ | 7,205 |  |  | $ | 10,651 |  |  | $ | 3,093,745 |  |  | $ | 3,104,396 |  |  | $ | 515 |
The allowance for loan and lease losses and the related loan loss provision for the periods presented reflect Mid Penn’s continued application of the incurred loss method for estimating credit losses, as Mid Penn is not required to adopt the CECL accounting standard until January 1, 2023, and Mid Penn has not elected to early adopt CECL. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan and lease losses is adequate. The following tables summarize the allowance and recorded investments in loans receivable.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of, and for the three months ended, September 30, 2022 |  | Commercial and industrial |  | Commercial real estate |  | Commercial real estate - construction |  | Residential mortgage |  | Home equity |  | Consumer |  | Unallocated |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
July 1, 2022 |  | $ | 3,671 |  |  | $ | 11,991 |  |  | $ | 46 |  |  | $ | 502 |  |  | $ | 641 |  |  | $ | 2 |  |  | $ | 23 |  |  | $ | 16,876 |
Charge-offs |  | (1) |  |  | — |  |  | — |  |  | (2) |  |  | (1) |  |  | (11) |  |  | — |  |  | (15) |
Recoveries |  | — |  |  | 63 |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 69 |
Provisions |  | 879 |  |  | 468 |  |  | 5 |  |  | 73 |  |  | 89 |  |  | 5 |  |  | 31 |  |  | 1,550 |
Ending balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2022 |  | $ | 4,549 |  |  | $ | 12,522 |  |  | $ | 51 |  |  | $ | 573 |  |  | $ | 729 |  |  | $ | 2 |  |  | $ | 54 |  |  | $ | 18,480 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of, and for the nine months ended, September 30, 2022 |  | Commercial and industrial |  | Commercial real estate |  | Commercial real estate - construction |  | Residential mortgage |  | Home equity |  | Consumer |  | Unallocated |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
January 1, 2022 |  | $ | 3,439 |  |  | $ | 9,415 |  |  | $ | 38 |  |  | $ | 459 |  |  | $ | 560 |  |  | $ | 2 |  |  | $ | 684 |  |  | $ | 14,597 |
Charge-offs |  | (1) |  |  | — |  |  | — |  |  | (2) |  |  | (1) |  |  | (77) |  |  | — |  |  | (81) |
Recoveries |  | 13 |  |  | 128 |  |  | 24 |  |  | 2 |  |  | 2 |  |  | 20 |  |  | — |  |  | 189 |
Provisions (credits) |  | 1,098 |  |  | 2,979 |  |  | (11) |  |  | 114 |  |  | 168 |  |  | 57 |  |  | (630) |  |  | 3,775 |
Ending balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2022 |  | 4,549 |  |  | 12,522 |  |  | 51 |  |  | 573 |  |  | 729 |  |  | 2 |  |  | 54 |  |  | 18,480 |
Individually evaluated for impairment |  | 831 |  |  | 28 |  |  | — |  |  | 6 |  |  | 45 |  |  | — |  |  | — |  |  | 910 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment |  | $ | 3,718 |  |  | $ | 12,494 |  |  | $ | 51 |  |  | $ | 567 |  |  | $ | 684 |  |  | $ | 2 |  |  | $ | 54 |  |  | $ | 17,570 |
Loans receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 556,796 |  |  | $ | 1,944,802 |  |  | $ | 400,188 |  |  | $ | 296,910 |  |  | $ | 115,608 |  |  | $ | 8,153 |  |  | $ | — |  |  | $ | 3,322,457 |
Ending balance: individually evaluated for impairment |  | 1,309 |  |  | 713 |  |  | — |  |  | 1,392 |  |  | 283 |  |  | — |  |  | — |  |  | 3,697 |
Ending balance: acquired with credit deterioration |  | — |  |  | 1,364 |  |  | 1,222 |  |  | 1,149 |  |  | 83 |  |  | — |  |  | — |  |  | 3,818 |
Ending balance: collectively evaluated for impairment |  | $ | 555,487 |  |  | $ | 1,942,725 |  |  | $ | 398,966 |  |  | $ | 294,369 |  |  | $ | 115,242 |  |  | $ | 8,153 |  |  | $ | — |  |  | $ | 3,314,942 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2021 | Commercial and industrial |  | Commercial real estate |  | Commercial real estate - construction |  | Residential mortgage |  | Home equity |  | Consumer |  | Unallocated |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 3,439 |  |  | $ | 9,415 |  |  | $ | 38 |  |  | $ | 459 |  |  | $ | 560 |  |  | $ | 2 |  |  | $ | 684 |  |  | $ | 14,597 |
Ending balance: individually evaluated for impairment | 67 |  |  | 121 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 188 |
Ending balance: collectively evaluated for impairment | $ | 3,372 |  |  | $ | 9,294 |  |  | $ | 38 |  |  | $ | 459 |  |  | $ | 560 |  |  | $ | 2 |  |  | $ | 684 |  |  | $ | 14,409 |
Loans receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 619,562 |  |  | $ | 1,668,142 |  |  | $ | 372,734 |  |  | $ | 323,223 |  |  | $ | 110,306 |  |  | $ | 10,429 |  |  | $ | — |  |  | $ | 3,104,396 |
Ending balance: individually evaluated for impairment | 308 |  |  | 1,141 |  |  | 22 |  |  | 1,259 |  |  | 2,377 |  |  | — |  |  | — |  |  | 5,107 |
Ending balance: acquired with credit deterioration | — |  |  | 2,231 |  |  | 1,196 |  |  | 1,362 |  |  | 86 |  |  | — |  |  | — |  |  | 4,875 |
Ending balance: collectively evaluated for impairment | $ | 619,254 |  |  | $ | 1,664,770 |  |  | $ | 371,516 |  |  | $ | 320,602 |  |  | $ | 107,843 |  |  | $ | 10,429 |  |  | $ | — |  |  | $ | 3,094,414 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of, and for the three months ended, September 30, 2021 | Commercial and industrial |  | Commercial real estate |  | Commercial real estate - construction |  | Residential mortgage |  | Home equity |  | Consumer |  | Unallocated |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
July 1, 2021 | $ | 3,165 |  |  | $ | 9,977 |  |  | $ | 130 |  |  | $ | 499 |  |  | $ | 588 |  |  | $ | 2 |  |  | $ | 355 |  |  | $ | 14,716 |
Charge-offs | — |  |  | (1,043) |  |  | — |  |  | (3) |  |  | — |  |  | (11) |  |  | — |  |  | (1,057) |
Recoveries | 1 |  |  | 140 |  |  | — |  |  | 2 |  |  | — |  |  | 6 |  |  | — |  |  | 149 |
Provisions (credits) | 204 |  |  | (112) |  |  | 3 |  |  | (8) |  |  | 15 |  |  | 5 |  |  | 318 |  |  | 425 |
Ending balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2021 | $ | 3,370 |  |  | $ | 8,962 |  |  | $ | 133 |  |  | $ | 490 |  |  | $ | 603 |  |  | $ | 2 |  |  | $ | 673 |  |  | $ | 14,233 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of, and for the nine months ended, September 30, 2021 | Commercial and industrial |  | Commercial real estate |  | Commercial real estate - construction |  | Residential mortgage |  | Home equity |  | Consumer |  | Unallocated |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
January 1, 2021 | 3,066 |  |  | 8,655 |  |  | 134 |  |  | 429 |  |  | 507 |  |  | 1 |  |  | 590 |  |  | $ | 13,382 |
Charge-offs | (859) |  |  | (1,043) |  |  | (23) |  |  | (13) |  |  | — |  |  | (23) |  |  | — |  |  | (1,961) |
Recoveries | 2 |  |  | 206 |  |  | — |  |  | 13 |  |  | — |  |  | 16 |  |  | — |  |  | 237 |
Provisions (credits) | 1,161 |  |  | 1,144 |  |  | 22 |  |  | 61 |  |  | 96 |  |  | 8 |  |  | 83 |  |  | 2,575 |
Ending balance, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2021 | 3,370 |  |  | 8,962 |  |  | 133 |  |  | 490 |  |  | 603 |  |  | 2 |  |  | 673 |  |  | 14,233 |
Individually evaluated for impairment | 69 |  |  | 129 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 198 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
collectively evaluated for impairment | $ | 3,301 |  |  | $ | 8,833 |  |  | $ | 133 |  |  | $ | 490 |  |  | $ | 603 |  |  | $ | 2 |  |  | $ | 673 |  |  | $ | 14,035 |
Loans receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 632,680 |  |  | $ | 1,141,345 |  |  | $ | 314,457 |  |  | $ | 195,636 |  |  | $ | 78,012 |  |  | $ | 8,299 |  |  | $ | — |  |  | $ | 2,370,429 |
Ending balance: individually evaluated for impairment | 221 |  |  | 1,214 |  |  | 22 |  |  | 1,276 |  |  | 2,420 |  |  | — |  |  | — |  |  | 5,153 |
Ending balance: acquired with credit deterioration | — |  |  | 1,355 |  |  | — |  |  | 273 |  |  | — |  |  | — |  |  | — |  |  | 1,628 |
Ending balance: collectively evaluated for impairment | $ | 632,459 |  |  | $ | 1,138,776 |  |  | $ | 314,435 |  |  | $ | 194,087 |  |  | $ | 75,592 |  |  | $ | 8,299 |  |  | $ | — |  |  | $ | 2,363,648 |
Mid Penn entered into forbearance or modification agreements on loans currently classified as troubled debt restructures, and these agreements have resulted in additional principal repayment. The terms of these forbearance agreements vary and generally involve modifications from the original loan agreements, including either a reduction in the amount of principal payments for certain or extended periods, interest rate reductions, and/or the intent for the loan to be repaid as collateral is sold. Mid Penn’s troubled debt restructured loans at September 30, 2022 totaled $543 thousand and included: (i) one accruing impaired residential mortgage loan to a borrower in compliance with the terms of the modifications totaling $396 thousand, and (ii) $148 thousand of troubled debt restructurings attributable to five loans among three relationships which were classified as nonaccrual impaired based upon a collateral evaluation in accordance with the guidance on impaired loans. The balance of these nonaccrual impaired troubled debt restructured loans as of September 30, 2022 was comprised of $120 thousand in commercial real estate loans related to one borrower and two residential mortgage loans for $27 thousand. As of September 30, 2022, there were no defaulted troubled debt restructured loans, as all troubled debt restructured loans were current with respect to their associated forbearance agreements. In addition to contractual paydowns, the decrease in Mid Penn’s troubled debt restructured loan balance since December 31, 2021 reflects the successful workout of two nonaccrual impaired loans. Mid Penn’s troubled debt restructured loans at December 31, 2021 totaled $819 thousand, and included (i) two accruing impaired residential mortgage loans to unrelated borrowers in compliance with the terms of the modifications totaling $435 thousand, and (ii) $384 thousand of troubled debt restructurings attributable to eight loans among six relationships which were classified as nonaccrual impaired based upon a collateral evaluation in accordance with the guidance on impaired loans. The balance of these nonaccrual impaired troubled debt restructured loans as of December 31, 2021 was comprised of $320 thousand in commercial real estate loans amongst two borrowers, one commercial real estate construction loan for $22 thousand, two residential mortgage loans for $37 thousand, and one commercial and industrial loan for $5 thousand. As of December 31, 2021, there were no defaulted troubled debt restructured loans, as all troubled debt restructured loans were current with respect to their associated forbearance agreements. There were also no defaults on troubled debt restructured loans within twelve months of restructure during 2021. The recorded investments in troubled debt restructured loans at September 30, 2022 and December 31, 2021 are as follows:
(Dollars in thousands) | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment |  | Recorded Investment
September 30, 2022 |  |
Commercial real estate | $ | 851 |  |  | $ | 815 |  |  | $ | 120 |
Residential mortgage | 590 |  |  | 590 |  |  | 423 |
| $ | 1,441 |  |  | $ | 1,405 |  |  | $ | 543 |
(Dollars in thousands) | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment |  | Recorded Investment
December 31, 2021 |  |
Commercial and industrial | $ | 8 |  |  | $ | 8 |  |  | $ | 5 |
Commercial real estate | 1,214 |  |  | 1,115 |  |  | 320 |
Commercial real estate - construction | 40 |  |  | 40 |  |  | 22 |
Residential mortgage | 647 |  |  | 645 |  |  | 472 |
| $ | 1,909 |  |  | $ | 1,808 |  |  | $ | 819 |
The following tables provide activity for the accretable yield of acquired impaired loans from the Phoenix (March 2015), Scottdale (January 2018), First Priority (July 2018), and Riverview (November 2021) acquisitions for the three and nine months ended September 30, 2022 and 2021.
(Dollars in thousands) | Three Months Ended September 30,
| 2022 |  | 2021
Accretable yield, beginning of period | $ | 471 |  |  | $ | 40 |
Accretable yield amortized to interest income | (64) |  |  | — |
Accretable yield, end of period | $ | 407 |  |  | $ | 40 |
| Nine Months Ended September 30,
(Dollars in thousands) | 2022 |  | 2021
Accretable yield, beginning of period | $ | 580 |  |  | $ | 40 |
Accretable yield amortized to interest income | (173) |  |  | — |
Accretable yield, end of period | $ | 407 |  |  | $ | 40 |

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