Allowance for Credit Losses on Loans

3 Months Ended

Mar. 31, 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 March 31, 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	—	(8)	(8)	—	—	(62)	(62)	(70)
Recoveries	—	9	9	—	1	8	9	18
Provision	712	(469)	243	632	8	17	25	900
Ending Balance	$24,856	$7,620	$32,476	$8,035	$1,057	$337	$1,394	$41,905

The following table presents the activity in the ACL on loans for the three months ended March 31, 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	—	(11)	(11)	—	—	(50)	(50)	(61)
Recoveries	—	5	5	—	1	8	9	14
Provision	2,939	(517)	2,422	(1,501)	(138)	17	(121)	800
Ending Balance	$21,374	$9,833	$31,207	$6,239	$978	$356	$1,334	$38,780