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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments And Contingencies Disclosure Abstract  
Financial instruments with credit risk

(Dollars in thousands)

 

 

 

 

 

 

 

 

 Contractual Amount

 

 

 

 06/30/24

 

 

 12/31/23

 

Financial instruments whose contract amount represent credit risk:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commitments to extend credit

 

$372,753

 

 

 

367,482

 

 

 

 

 

 

 

 

 

 

Standby letters of credit

 

$3,810

 

 

 

3,721

 

Schedule Of allowance for credit losses

(dollars in thousands)

 

For three months ended

 

 

For six months ended

 

 

 

June 30, 2024

 

 

June 30, 2023

 

 

June 30, 2024

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$1,698

 

 

$2,075

 

 

$1,770

 

 

$-

 

Cummulative effect of change in accounting principle

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,278

 

Provision for (recovery of) credit losses

 

 

(133)

 

 

184

 

 

 

(205)

 

 

(19)

Ending balance

 

$1,565

 

 

$2,259

 

 

$1,565

 

 

$2,259