ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of activity in the allowance, by class

The following tables present by segment, the activities in the ACL on loans during the periods presented:


(dollars in thousands)	Real Estate
Three Months Ended June 30, 2025	Commercial and Industrial		Construction		Residential Mortgage		Home Equity		Commercial Mortgage		Consumer		Total
Beginning balance	$	7,423	$	2,282	$	15,936	$	1,808	$	19,523	$	13,497	$	60,469


Provision (credit) for credit losses on loans	2,480		1,078		(2,065)		(768)		742		2,343		3,810

Gross charge-offs	(2,858)		—		—		—		—		(2,864)		(5,722)
Gross recoveries	195		3		7		9		—		840		1,054
Net (charge-offs) recoveries	(2,663)		3		7		9		—		(2,024)		(4,668)
Ending balance	$	7,240	$	3,363	$	13,878	$	1,049	$	20,265	$	13,816	$	59,611


(dollars in thousands)	Real Estate
Three Months Ended June 30, 2024	Commercial and Industrial		Construction		Residential Mortgage		Home Equity		Commercial Mortgage		Consumer		Total
Beginning balance	$	7,008	$	3,619	$	16,026	$	3,733	$	17,004	$	16,142	$	63,532


Provision (credit) for credit losses on loans	452		179		(362)		96		333		1,750		2,448

Gross charge-offs	(519)		—		(284)		—		—		(4,345)		(5,148)
Gross recoveries	130		—		9		—		—		1,254		1,393
Net (charge-offs) recoveries	(389)		—		(275)		—		—		(3,091)		(3,755)
Ending balance	$	7,071	$	3,798	$	15,389	$	3,829	$	17,337	$	14,801	$	62,225


(dollars in thousands)	Real Estate
Six Months Ended June 30, 2025	Commercial and Industrial		Construction		Residential Mortgage		Home Equity		Commercial Mortgage		Consumer		Total
Beginning balance	$	7,113	$	2,316	$	15,267	$	2,335	$	18,882	$	13,269	$	59,182


Provision (credit) for credit losses on loans	3,199		1,044		(1,406)		(1,298)		1,383		4,793		7,715

Gross charge-offs	(3,438)		—		—		—		—		(5,841)		(9,279)
Gross recoveries	366		3		17		12		—		1,595		1,993
Net (charge-offs) recoveries	(3,072)		3		17		12		—		(4,246)		(7,286)
Ending balance	$	7,240	$	3,363	$	13,878	$	1,049	$	20,265	$	13,816	$	59,611


(dollars in thousands)	Real Estate
Six Months Ended June 30, 2024	Commercial and Industrial		Construction		Residential Mortgage		Home Equity		Commercial Mortgage		Consumer		Total
Beginning balance	$	7,181	$	4,004	$	14,626	$	3,501	$	17,543	$	17,079	$	63,934


Provision (credit) for credit losses on loans	871		(206)		1,030		322		(206)		4,758		6,569

Gross charge-offs	(1,201)		—		(284)		—		—		(9,183)		(10,668)
Gross recoveries	220		—		17		6		—		2,147		2,390
Net (charge-offs) recoveries	(981)		—		(267)		6		—		(7,036)		(8,278)
Ending balance	$	7,071	$	3,798	$	15,389	$	3,829	$	17,337	$	14,801	$	62,225

Schedule of Credit Losses Related to Impaired Financing Receivables

The following table presents the activities in the reserve for off-balance sheet credit exposures, included in other liabilities on the Company's consolidated balance sheets, during the periods presented. The provision (credit) for off-balance sheet credit exposures is included in the provision for credit losses on the Company's consolidated statements of income during the periods presented.


	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2025		2024		2025		2024
Beginning balance	$	2,837	$	3,521	$	2,570	$	3,706


Provision (credit) for off-balance sheet credit exposures	1,177		(209)		1,444		(394)
Ending balance	$	4,014	$	3,312	$	4,014	$	3,312

CENTRAL PACIFIC FINANCIAL CORP 10-Q