| Allowance for Credit Losses on Loans |
Allowance for Credit Losses on Loans Adoption of ASC 326 Effective January 1, 2020, the Corporation adopted the provisions of ASC 326 using the modified retrospective method. Therefore, prior period comparative information has not been adjusted and continues to be reported under the GAAP in effect prior to the adoption of ASC 326.
The following table presents the activity in the ACL on loans for the year ended December 31, 2021: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Commercial | | | Consumer | | | | | CRE | C&I | Total Commercial | Residential Real Estate | Home Equity | Other | | Total Consumer | Total | Beginning Balance | $22,065 | | $12,228 | | $34,293 | | $8,042 | | $1,300 | | $471 | | | $1,771 | | $44,106 | | | | | | | | | | | | | Charge-offs | — | | (307) | | (307) | | (107) | | (183) | | (66) | | | (249) | | (663) | | | Recoveries | — | | 41 | | 41 | | 89 | | 91 | | 25 | | | 116 | | 246 | | | Provision | (3,132) | | (1,130) | | (4,262) | | (164) | | (139) | | (36) | | | (175) | | (4,601) | | Ending Balance | $18,933 | | $10,832 | | $29,765 | | $7,860 | | $1,069 | | $394 | | | $1,463 | | $39,088 | |
The following table presents the activity in the allowance for loan losses for the year ended December 31, 2020: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Commercial | | | Consumer | | | | | CRE | C&I | Total Commercial | Residential Real Estate | Home Equity | Other | Total Consumer | | Total | Beginning Balance | $14,741 | | $3,921 | | $18,662 | | $6,615 | | $1,390 | | $347 | | $1,737 | | | $27,014 | | | Adoption of ASC 326 | 3,405 | | 3,029 | | 6,434 | | 221 | | (106) | | (48) | | (154) | | | 6,501 | | | Charge-offs | (356) | | (586) | | (942) | | (99) | | (224) | | (52) | | (276) | | | (1,317) | | | Recoveries | 51 | | 24 | | 75 | | 20 | | 52 | | 25 | | 77 | | | 172 | | | Provision | 4,224 | | 5,840 | | 10,064 | | 1,285 | | 188 | | 199 | | 387 | | | 11,736 | | Ending Balance | $22,065 | | $12,228 | | $34,293 | | $8,042 | | $1,300 | | $471 | | $1,771 | | | $44,106 | |
The following table presents the activity in the allowance for loan losses for the year ended December 31, 2019: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Commercial | | | Consumer | | | | | CRE | C&I | Total Commercial | Residential Real Estate | Home Equity | Other | Total Consumer | | Total | Beginning Balance | $15,381 | | $5,847 | | $21,228 | | $3,987 | | $1,603 | | $254 | | $1,857 | | | $27,072 | | | Charge-offs | (1,028) | | (21) | | (1,049) | | (486) | | (390) | | (95) | | (485) | | | (2,020) | | | Recoveries | 125 | | 168 | | 293 | | — | | 72 | | 22 | | 94 | | | 387 | | | Provision | 263 | | (2,073) | | (1,810) | | 3,114 | | 105 | | 166 | | 271 | | | 1,575 | | Ending Balance | $14,741 | | $3,921 | | $18,662 | | $6,615 | | $1,390 | | $347 | | $1,737 | | | $27,014 | |
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