7. ALLOWANCE FOR LOAN LOSSES

The following tables represent the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment, as defined under FASB ASC 310‑10, and based on impairment method as of March 31, 2019 and December 31, 2018. The tables include loans acquired from CNB and FNBNY.


	March 31, 2019
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	299	$	—	$	—	$	299
Collectively evaluated for impairment		11,099		2,557		3,374		12,774		1,526		155		31,485
Loans acquired with deteriorated credit quality		—		—		—		—		—		—		—
Total allowance for loan losses	$	11,099	$	2,557	$	3,374	$	13,073	$	1,526	$	155	$	31,784

Loans:
Individually evaluated for impairment	$	3,372	$	—	$	—	$	12,772	$	—	$	—	$	16,144
Collectively evaluated for impairment		1,399,261		624,114		514,855		658,887		147,116		22,781		3,367,014
Loans acquired with deteriorated credit quality		—		—		318		238		—		—		556
Total loans	$	1,402,633	$	624,114	$	515,173	$	671,897	$	147,116	$	22,781	$	3,383,714


	December 31, 2018
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	189	$	—	$	—	$	189
Collectively evaluated for impairment		10,792		2,566		3,935		12,533		1,297		106		31,229
Loans acquired with deteriorated credit quality		—		—		—		—		—		—		—
Total allowance for loan losses	$	10,792	$	2,566	$	3,935	$	12,722	$	1,297	$	106	$	31,418

Loans:
Individually evaluated for impairment	$	3,084	$	—	$	—	$	16,271	$	—	$	—	$	19,355
Collectively evaluated for impairment		1,370,472		585,827		519,455		629,229		123,393		20,509		3,248,885
Loans acquired with deteriorated credit quality		—		—		308		224		—		—		532
Total loans	$	1,373,556	$	585,827	$	519,763	$	645,724	$	123,393	$	20,509	$	3,268,772

The following tables represent the changes in the allowance for loan losses for the three months ended March 31, 2019, and 2018, by portfolio segment, as defined under FASB ASC 310‑10. The portfolio segments represent the categories that the Bank uses to determine its allowance for loan losses.


	Three Months Ended March 31, 2019
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for loan losses:
Beginning balance	$	10,792	$	2,566	$	3,935	$	12,722	$	1,297	$	106	$	31,418
Charge-offs		—		—		—		(242)		—		(4)		(246)
Recoveries		—		—		1		11		—		—		12
Provision (Credit)		307		(9)		(562)		582		229		53		600
Ending balance	$	11,099	$	2,557	$	3,374	$	13,073	$	1,526	$	155	$	31,784


	Three Months Ended March 31, 2018
					Residential		Commercial,		Real Estate
	Commercial				Real Estate		Industrial and		Construction		Installment/
	Real Estate		Multi-family		Mortgage		Agricultural		and Land		Consumer
(In thousands)	Mortgage Loans		Loans		Loans		Loans		Loans		Loans		Total
Allowance for loan losses:
Beginning balance	$	11,048	$	4,521	$	2,438	$	12,838	$	740	$	122	$	31,707
Charge-offs		—		—		—		—		—		—		—
Recoveries		—		—		1		304		—		—		305
Provision (Credit)		286		(1,519)		1,056		913		81		(17)		800
Ending balance	$	11,334	$	3,002	$	3,495	$	14,055	$	821	$	105	$	32,812