Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.4
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies [Abstract]  
Schedule of amounts associated with the entities off-balance sheet obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2022
2021
(Dollars in Thousands)
Fixed
Variable
Total
Fixed
Variable
Total
Commitments to Extend Credit
(1)
$
243,614
$
531,873
$
775,487
$
217,531
$
505,897
$
723,428
Standby Letters of Credit
5,619
-
5,619
5,205
-
5,205
Total
$
249,233
$
531,873
$
781,106
$
222,736
$
505,897
$
728,633
(1)
 
Commitments include unfunded loans, revolving lines of credit, and off-balance sheet residential loan commitments.
Allowance for credit losses for off-balance sheet credit commitments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in Thousands)
2022
2021
2020
Beginning Balance
$
2,897
$
1,644
$
157
Impact of Adoption of ASC 326
-
-
876
Provision for Credit Losses
92
1,253
611
Ending Balance
$
2,989
$
2,897
$
1,644