Commitments and Contingencies

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies [Abstract]

Note 8. Commitments and Contingencies

CREDIT-RELATED FINANCIAL INSTRUMENTS

The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business in order to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and commercial letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets.

The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making such commitments as it does for on-balance-sheet instruments.

The following financial instruments whose contract amounts represent credit risk were outstanding at June 30, 2019 and December 31, 2018:

(dollars in thousands)	June 30, 2019		December 31, 2018
Commitments to extend credit:
Home equity lines of credit	$	61,927	$	61,014
Commercial real estate, construction and development loans committed but not funded		16,436		12,165
Other lines of credit (principally commercial)		72,332		74,058
Total	$	150,695	$	147,237

Letters of credit	$	8,212	$	8,230