Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities [Abstract]

Financial Instruments with Off-Balance Sheet Risk

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

	December 31,
	2020			2019
	(In Thousands)
Financial instruments whose contract amounts represent potential credit risk:
Commitments to extend credit under first mortgage loans(1)		$	23,891		$	13,389
Commitments to extend credit under home equity lines of credit			13,653			13,776
Unused portion of construction loans			74,173			90,439
Unused portion of business lines of credit			19,207			14,623
Standby letters of credit			1,296			885

  ⁽¹⁾ Excludes commitments to originate loans held for sale, which are discussed in Footnote 15 - Derivative Financial Instruments.