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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2024
Commitments And Contingencies Disclosure Abstract  
Financial instruments with credit risk

(Dollars in thousands)

 

 

 

 

 

 

 

 

Contractual Amount

 

 

 

09/30/24

 

 

12/31/23

 

Financial instruments with credit risk:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commitments to extend credit

 

$355,369

 

 

 

367,482

 

 

 

 

 

 

 

 

 

 

Standby letters of credit

 

 

3,769

 

 

 

3,721

 

 

 

 

 

 

 

 

 

 

 

 

$359,138

 

 

 

371,203

 

Schedule Of allowance for credit losses

(dollars in thousands)

 

For three months ended

 

 

For nine months ended

 

 

 

September 30,

2024

 

 

September 30,

2023

 

 

September 30,

2024

 

 

September 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$1,565

 

 

$2,259

 

 

$1,770

 

 

$-

 

Cummulative effect of change in accounting principle

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,278

 

Recovery of credit losses

 

 

(406)

 

 

(128)

 

 

(611)

 

 

(147)

Ending balance

 

$1,159

 

 

$2,131

 

 

$1,159

 

 

$2,131