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Commitments and Contingencies and Derivatives (Tables)
9 Months Ended
Sep. 30, 2023
Commitments and Contingencies and Derivatives  
Schedule of contract amounts represent off-balance sheet credit risk

September 30, 

December 31, 

    

2023

    

2022

Commitments to extend credit summarized as follows:

Future loan commitments

$

7,544

$

3,815

Undisbursed construction loans

 

40,487

 

30,274

Undisbursed home equity lines of credit

 

10,674

 

9,561

Undisbursed commercial and other line of credit

 

63,782

 

77,719

Standby letters of credit

 

5,350

 

4,571

Loans sold with recourse

 

1,075

 

276

Total

$

128,912

$

126,216

Schedule of unfunded commitments

    

Commercial 

    

    

Commercial 

    

    

    

    

Real Estate

    

Residential

    

and Industrial

    

Indirect

    

Consumer

    

Totals

    

Three months ended September 30, 2023

Allowance for credit losses:

Beginning balance

$

200

$

$

61

$

$

7

$

268

Provision for credit losses

26

4

1

31

Ending balance

$

226

$

$

65

$

$

8

$

299

    

Commercial 

    

    

Commercial 

    

    

    

    

Real Estate

    

Residential

    

and Industrial

    

Indirect

    

Consumer

    

Totals

    

Nine months ended September 30, 2023

Allowance for credit losses:

Beginning balance

$

$

$

$

$

$

Adoption of CECL standard

149

65

7

221

Provision for credit losses

77

1

78

Ending balance

$

226

$

$

65

$

$

8

$

299

Schedule of information regarding derivatives

September 30, 

December 31,

2023

2022

Notational amount

$

60,948

$

26,541

Fair value

$

5,080

$

3,578

Weighted average pay rates

5.03

%

3.69

%

Weighted average receive rates

7.37

%

6.30

%

Weighted average maturity (in years)

8.93

8.79

Number of Contracts

14

7