Recent Accounting Pronouncements (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Standards Update and Change in Accounting Principle

The following table illustrates the impact of ASC 326 (in thousands):

	As Reported Under		Pre-ASC 326		Impact of ASC 326
	ASC 326		Adoption		Adoption
Gross Loans	$	3,618,825	$	3,616,099	$	2,726
Allowance for Credit Losses	(17,349)		(11,589)		(5,760)
Deferred Tax Assets, net	7,380		6,669		711
Shareholders' Equity	655,648		657,983		(2,335)

Portfolio Segments that Measure Allowance for Credit Loss

The following table summarizes the activity in the allowance for credit losses, by portfolio loan classification, for the six months ended June 30, 2020 and 2019 (in thousands).  The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments.

	Commercial and		Commercial		Residential						DDA
	Industrial		Real Estate		Real Estate		Home Equity		Consumer		Overdrafts		Total
Six months ended June 30, 2020
Beginning balance	$	2,059	$	2,606	$	3,448	$	1,187	$	975	$	1,314	$	11,589
Impact of adopting CECL	1,715		3,254		2,139		(598)		(810)		60		5,760
Charge-offs	(77)		(422)		(859)		(206)		(91)		(1,162)		(2,817)
Recoveries	14		331		103		56		141		800		1,445
Provision for credit losses	2,555		4,321		2,492		208		(95)		(259)		9,222
Ending balance	$	6,266	$	10,090	$	7,323	$	647	$	120	$	753	$	25,199
Six months ended June 30, 2019
Beginning balance	$	4,060	$	4,495	$	4,116	$	1,268	$	319	$	1,708	$	15,966
Charge-offs	(51)		(178)		(631)		(117)		(296)		(1,213)		(2,486)
Recoveries	140		607		125		—		143		749		1,764
(Recovery of) Provision for credit losses	(1,353)		(1,455)		349		60		343		607		(1,449)
Ending balance	$	2,796	$	3,469	$	3,959	$	1,211	$	509	$	1,851	$	13,795
Three months ended June 30, 2020
Beginning balance	$	5,855	$	9,389	$	6,958	$	702	$	233	$	1,256	24,393
Charge-offs	—		(39)		(376)		(161)		(36)		(459)		(1,071)
Recoveries	5		128		8		9		128		349		627
(Recovery of) provision	406		612		733		97		(205)		(393)		1,250
Ending balance	$	6,266	$	10,090	$	7,323	$	647	$	120	$	753	$	25,199
Three months ended June 30, 2019
Beginning balance	$	2,970	$	4,640	$	3,820	$	1,248	$	468	$	1,500	$	14,646
Charge-offs	(51)		(133)		(303)		(71)		(111)		(588)		(1,257)
Recoveries	5		575		50		—		46		330		1,006
(Recovery of) provision	(128)		(1,613)		392		34		106		609		(600)
Ending balance	$	2,796	$	3,469	$	3,959	$	1,211	$	509	$	1,851	$	13,795