Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Financial Instruments Whose Contract Amounts Represent Off-Balance-Sheet Credit Risk

Financial instruments whose contract amounts represent off-balance-sheet credit risk at March 31, 2024 and December 31, 2023 were as follows (in thousands):

	March 31, 2024		December 31, 2023
Commitments to extend credit:
Commercial loans	$	32,215	28,111
Other loans
Fixed rate	22,028		15,349
Adjustable rate	2,232		1,946
Unused lines of credit:
Fixed rate	19,294		21,532
Adjustable rate	209,901		184,056
Unused overdraft protection amounts on demand accounts	16,386		16,418
Standby letters of credit	5		5
Total commitments	$	302,061	267,417

Off-Balance-Sheet Credit Exposures, Allowance for Credit Losses

Activity in the allowance for credit losses on off-balance sheet credit exposures for the three months ended March 31, 2024 and 2023 is as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Balance, beginning of period	$	281	—
Impact of adopting ASC 326	—		571
Provision for (recovery of) credit losses	48		(89)
Balance, end of period	$	329	482