Schedule of changes in allowance for loan losses

The following table presents a disaggregated analysis of activity in the allowance for credit losses as follows:

Consumer

Ready

CRE-OO

CRE and

BEX and

(Dollars in thousands)

Mortgage

HELOC

Non Mobile Home

Mobile Home

Reserves

Overdrafts

Land

and C&I

OIPP

Micro

Other

Total

Three Months Ended March 31, 2020

Allowance for credit losses:

Balance at beginning of period January 1, 2020

$

5,076

$

4,310

$

1,142

$

2,176

$

231

$

561

$

3,055

$

18,189

$

20,800

$

1,148

$

239

$

56,927

Impact of Adoption

4,757

3,836

1,079

1,426

220

537

2,574

16,487

18,878

1,007

229

51,030

Initial PCD Allowance

98

286

14

655

348

907

1,010

90

—

3,408

Adjusted CECL balance at January 1, 2020

$

9,931

$

8,432

$

2,235

$

4,257

$

451

$

1,098

$

5,977

$

35,583

$

40,688

$

2,245

$

468

$

111,365

Charge-offs

(304)

(615)

(230)

(380)

(99)

(1,076)

(105)

(361)

—

(53)

—

(3,223)

Recoveries

219

405

35

53

5

374

172

245

201

200

—

1,909

Net charge offs

(85)

(210)

(195)

(327)

(94)

(702)

67

(116)

201

147

—

(1,314)

Provision (benefit) (1)

6,187

3,828

692

528

156

459

1,210

4,878

16,548

273

(25)

34,734

Balance at end of period March 31, 2020

$

16,033

$

12,050

$

2,732

$

4,458

$

513

$

855

$

7,254

$

40,345

$

57,437

$

2,665

$

443

$

144,785

Allowance for credit losses:

Quantitative allowance

Collectively evaluated

$

10,278

$

7,489

$

1,873

$

3,719

$

382

$

772

$

8,019

$

24,417

$

20,580

$

1,722

$

—

$

79,251

Individually evaluated

182

314

—

64

570

30

152

—

1,312

Total quantitative allowance

10,460

7,803

1,873

3,719

382

772

8,083

24,987

20,610

1,874

—

80,563

Qualitative allowance

5,573

4,247

859

739

131

83

(829)

15,358

36,827

791

443

64,222

Balance at end of period March 31, 2020

$

16,033

$

12,050

$

2,732

$

4,458

$

513

$

855

$

7,254

$

40,345

$

57,437

$

2,665

$

443

$

144,785

(1)

– Additional provision for credit losses of $1,799 was recorded during the first quarter of 2020 for the allowance for credit losses for unfunded commitments that is not considered in the above table. See Note 13

An aggregated analysis of the changes in allowance for loan losses, for comparative periods, prior to the adoption of ASU 2016-13 is as follows:


	Non-acquired		Acquired Non-Credit		Acquired Credit
(Dollars in thousands)	Loans		Impaired Loans		Impaired Loans		Total
Three Months Ended March 31, 2019:
Balance at beginning of period	$	51,194	$	—	$	4,604	$	55,798
Loans charged-off		(1,245)		(374)		—		(1,619)
Recoveries of loans previously charged off (1)		752		206		—		958
Net charge-offs		(493)		(168)		—		(661)
Provision for loan losses charged to operations		1,307		168		13		1,488
Reduction due to loan removals		—		—		(103)		(103)
Balance at end of period	$	52,008	$	—	$	4,514	$	56,522

(1)	Recoveries related to acquired credit impaired loans are recorded through other noninterest income on the consolidated statement of income and do not run through the ALLL.

Allowance for Credit Losses

Schedule of changes in allowance for loan losses


			Commercial
			Real Estate-
	Commercial		Construction and		Residential				Commercial
(Dollars in thousands)	Real Estate		Development		Real Estate		Consumer		and Industrial		Total

Three Months Ended March 31, 2019
Allowance for loan losses:
Balance , December 31, 2018	$	801	$	717	$	2,246	$	761	$	79	$	4,604
Provision (benefit) for loan losses		51		—		16		(54)		—		13
Reduction due to loan removals		(5)		—		(98)		—		—		(103)
Balance, March 31, 2019	$	847	$	717	$	2,164	$	707	$	79	$	4,514
Loans individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Loans collectively evaluated for impairment	$	847	$	717	$	2,164	$	707	$	79	$	4,514
Loans:*
Loans individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Loans collectively evaluated for impairment		173,707		32,257		199,701		40,182		10,925		456,772
Total acquired credit impaired loans	$	173,707	$	32,257	$	199,701	$	40,182	$	10,925	$	456,772

*— The carrying value of acquired credit impaired loans includes a non-accretable difference which is primarily associated with the assessment of credit quality of acquired loans.

Allowance for Credit Losses