Off-Balance Sheet Activities

12 Months Ended

Dec. 31, 2019

Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

The contractual amount of financial instruments with off-balance sheet risk was as follows at December 31, 2019 and 2018:



	2019				2018
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
Commitments to make loans	$	21,375	$	184,106	$	46,265	$	191,803
Unused lines of credit	14,637		446,407		14,390		429,456
Standby letters of credit	14,503		824		14,831		1,479

Commitments to make loans are generally made for periods of 60 days or less. The fixed rate loan commitments at December 31, 2019 have interest rates ranging from 2.53% to 18.00% and maturities ranging from one year to 30 years. The fixed rate loan commitments at December 31, 2018 have interest rates ranging from 2.45% to 18.00% and maturities ranging from one year to 35 years.

The Corporation makes investments in limited partnerships, including certain small business investment corporations and low income housing partnerships. As of December 31, 2019 and 2018, unfunded capital commitments totaled $5,831 and $3,905, respectively for the small business investment corporations and $4,190 and $1,434 for the low income housing partnerships, respectively. At December 31, 2019 and 2018, capital contributions to the small business investment corporations were $9,669 and $6,595, respectively and capital contributions to the low income housing partnerships were $4,810 and $4,566, respectively.