Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.24.2.u1
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies [Abstract]  
Schedule of amounts associated with the entities off-balance sheet obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2024
December 31, 2023
(Dollars in Thousands)
Fixed
Variable
Total
Fixed
Variable
Total
Commitments to Extend Credit
 
(1)
$
201,381
$
533,164
$
734,545
$
207,605
$
534,745
$
742,350
Standby Letters of Credit
 
6,134
 
-
 
6,134
6,094
 
-
 
6,094
Total
$
207,515
$
533,164
$
740,679
$
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 June 30,
Six Months Ended June 30,
(Dollars in Thousands)
2024
2023
2024
2023
Beginning Balance
$
3,121
$
2,833
$
3,191
$
2,989
Provision for Credit Losses
18
287
(52)
131
Ending Balance
$
3,139
$
3,120
$
3,139
$
3,120