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Loan Commitments and Other Related Activities
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Loan Commitments and Other Related Activities LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES
Some financial instruments, such as 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. Off-balance sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies that are used for loans are used to make such commitments, including obtaining collateral at exercise of the commitment.
The contractual amounts of financial instruments with off-balance sheet risk at December 31, 2021 and December 31, 2020 were as follows:
December 31, 2021December 31, 2020
Unfunded loan commitments
$18,567 $34,867 
Unused lines of credit
52,076 34,063 
Standby letters of credit
68 68 
All unused lines of credit at December 31, 2021 and December 31, 2020 were variable rate lines of credit and the majority of unfunded loan commitments at December 31, 2021 and December 31, 2020 were commitments to fund variable rate loans. Unfunded loan commitments are generally entered into for periods of 90 days or less.