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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Summary of Contract Amounts of Credit-related Financial Instruments

The contractual amounts of off-balance-sheet credit-related financial instruments are summarized below:

 

 

September 30, 2023

 

 

Fixed Rate

 

 

Variable Rate

 

 

Total

 

 

(in thousands)

 

Commitments to extend credit

 

$

1,474

 

 

$

96,768

 

 

$

98,242

 

Standby letters of credit

 

 

 

 

 

150

 

 

 

150

 

Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program

 

 

1,027

 

 

 

 

 

 

1,027

 

Commitments to sell loans

 

 

1,220

 

 

 

 

 

 

1,220

 

Overdraft protection program commitments

 

 

3,789

 

 

 

 

 

 

3,789

 

 

 

December 31, 2022

 

 

Fixed Rate

 

 

Variable Rate

 

 

Total

 

 

(in thousands)

 

Commitments to extend credit

 

$

3,391

 

 

$

80,631

 

 

$

84,022

 

Standby letters of credit

 

 

 

 

 

150

 

 

 

150

 

Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program

 

 

894

 

 

 

 

 

 

894

 

Commitments to sell loans

 

 

1,292

 

 

 

 

 

 

1,292

 

Overdraft protection program commitments

 

 

3,881

 

 

 

 

 

 

3,881