Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.24.2
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies [Abstract]  
Schedule of amounts associated with the entities off-balance sheet obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2024
December 31, 2023
(Dollars in Thousands)
Fixed
Variable
Total
Fixed
Variable
Total
Commitments to Extend Credit
 
(1)
$
194,929
$
558,559
$
753,488
$
207,605
$
534,745
$
742,350
Standby Letters of Credit
 
6,284
 
-
 
6,284
6,094
 
-
 
6,094
Total
$
201,213
$
558,559
$
759,772
$
213,699
$
534,745
$
748,444
(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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31,
(Dollars in Thousands)
2024
2023
Beginning Balance
$
 
3,191
$
 
2,989
Provision for Credit Losses
(70)
(156)
Ending Balance
$
 
3,121
$
2,833