LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

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:


	September 30, 2020				December 31, 2019
($ in thousands)	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
Commitments to extend credit	$	20,181	$	49,274	$	473	$	129,495
Unused lines of credit	1,778		1,334,060		703		1,049,632
Letters of credit	157		9,202		134		5,316

Other Commitments

At September 30, 2020, we had unfunded commitments of $18.9 million, $5.6 million, and $10.5 million for affordable housing fund investments, Small Business Investment Company (SBIC) investments, and other investments, respectively.