Allowance for Credit Losses on Loans

6 Months Ended

Jun. 30, 2024

Credit Loss [Abstract]

Allowance for Credit Losses on Loans

Allowance for Credit Losses on Loans

The ACL on loans is management’s estimate of expected lifetime credit losses on loans carried at amortized cost. The level of the ACL on loans is based on management’s ongoing review of all relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts.

The following table presents the activity in the ACL on loans for the three months ended June 30, 2024:

(Dollars in thousands)	Commercial				Consumer
	CRE	C&I	Total Commercial	Residential Real Estate	Home Equity	Other	Total Consumer	Total
Beginning Balance	$24,856	$7,620	$32,476	$8,035	$1,057	$337	$1,394	$41,905
Charge-offs	—	(12)	(12)	—	—	(41)	(41)	(53)
Recoveries	—	8	8	—	6	12	18	26
Provision	910	(519)	391	67	17	25	42	500
Ending Balance	$25,766	$7,097	$32,863	$8,102	$1,080	$333	$1,413	$42,378

The following table presents the activity in the ACL on loans for the six months ended June 30, 2024:

(Dollars in thousands)	Commercial				Consumer
	CRE	C&I	Total Commercial	Residential Real Estate	Home Equity	Other	Total Consumer	Total
Beginning Balance	$24,144	$8,088	$32,232	$7,403	$1,048	$374	$1,422	$41,057
Charge-offs	—	(20)	(20)	—	—	(103)	(103)	(123)
Recoveries	—	17	17	—	7	20	27	44
Provision	1,622	(988)	634	699	25	42	67	1,400
Ending Balance	$25,766	$7,097	$32,863	$8,102	$1,080	$333	$1,413	$42,378

The following table presents the activity in the ACL on loans for the three months ended June 30, 2023:

(Dollars in thousands)	Commercial				Consumer
	CRE	C&I	Total Commercial	Residential Real Estate	Home Equity	Other	Total Consumer	Total
Beginning Balance	$21,374	$9,833	$31,207	$6,239	$978	$356	$1,334	$38,780
Charge-offs	—	(9)	(9)	—	—	(43)	(43)	(52)
Recoveries	—	4	4	—	2	9	11	15
Provision	652	(400)	252	203	59	86	145	600
Ending Balance	$22,026	$9,428	$31,454	$6,442	$1,039	$408	$1,447	$39,343

The following table presents the activity in the ACL on loans for the six months ended June 30, 2023:

(Dollars in thousands)	Commercial				Consumer
	CRE	C&I	Total Commercial	Residential Real Estate	Home Equity	Other	Total Consumer	Total
Beginning Balance	$18,435	$10,356	$28,791	$7,740	$1,115	$381	$1,496	$38,027
Charge-offs	—	(20)	(20)	—	—	(93)	(93)	(113)
Recoveries	—	9	9	—	3	17	20	29
Provision	3,591	(917)	2,674	(1,298)	(79)	103	24	1,400
Ending Balance	$22,026	$9,428	$31,454	$6,442	$1,039	$408	$1,447	$39,343