XML 34 R22.htm IDEA: XBRL DOCUMENT v3.20.2
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES
 6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES
Some financial instruments, such as unfunded 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. Risk of credit loss exists up to the face amount of these instruments. The same credit policies are used to make such commitments as are used for originating loans, including obtaining collateral at exercise of the commitment.
The following table presents the contractual amount of financial instruments with off-balance-sheet risk as of the periods indicated:
June 30, 2020December 31, 2019
($ in thousands)Fixed RateVariable RateFixed RateVariable Rate
Commitments to extend credit
$6,249  $73,844  $473  $129,495  
Unused lines of credit590  1,391,625  703  1,049,632  
Letters of credit336  3,243  134  5,316  

Other Commitments
At June 30, 2020, we had unfunded commitments of $20.5 million, $7.1 million, and $501 thousand for affordable housing fund investments, Small Business Investment Company (SBIC) investments, and other investments, respectively.