Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2018

Commitments And Contingencies Disclosure [Abstract]

Summary of Rent Commitments Related to Lease

Rent commitments related to the lease of the Company’s main office and branch facilities, before considering renewal options and additional lessor charges, were as follows:

2018 remaining	$	426,502
2019		1,882,984
2020		1,973,590
2021		2,024,599
2022		2,019,572
Thereafter		5,146,396
Total	$	13,473,643

Summary of Distribution of Undisbursed Loan Commitments

The following table shows the distribution of undisbursed loan commitments as of the dates indicated:

	September 30, 2018		December 31, 2017
Commitments to extend credit	$	63,461,000	$	60,748,000
Standby letter of credit		1,952,000		1,627,000
Commercial letter of credit		1,407,000		1,608,000
Total undisbursed loan commitments	$	66,820,000	$	63,983,000