COMMITMENTS, CONTINGENT LIABILITIES, RISKS AND UNCERTAINTIES (Tables)

12 Months Ended

Dec. 31, 2022

COMMITMENTS, CONTINGENT LIABILITIES, RISKS AND UNCERTAINTIES [Abstract]

Financial Instruments whose Contract Amounts Represent Credit Risk

The Company’s exposure to credit loss from nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Financial instruments, whose contract amounts represent credit risk at December 31, 2022 and 2021, are as follows (in thousands):

	2022		2021
Commitments to extend credit	$	437,449	$	275,998
Standby letters of credit		15,972		17,083
	$	453,421	$	293,081