Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.24.2
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies [Abstract]  
Schedule of Amounts Associated with the Entities Off-Balance Sheet Obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2023
2022
(Dollars in Thousands)
Fixed
Variable
Total
Fixed
Variable
Total
Commitments to Extend Credit
(1)
$
207,605
$
534,745
$
742,350
$
243,614
$
531,873
$
775,487
Standby Letters of Credit
6,094
-
6,094
5,619
-
5,619
Total
$
213,699
$
534,745
$
748,444
$
249,233
$
531,873
$
781,106
(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)
2023
2022
2021
Beginning Balance
$
2,989
$
2,897
$
1,644
Provision for Credit Losses
202
92
1,253
Ending Balance
$
3,191
$
2,989
$
2,897