Commitments and Contingencies and Derivatives (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies and Derivatives

Schedule of contract amounts represent off-balance sheet credit risk

Financial instruments whose contract amounts represent off-balance sheet credit risk are as follows:

	June 30,		December 31,
	2022		2021
Commitments to extend credit summarized as follows:
Future loan commitments	$	8,748	$	6,830
Undisbursed construction loans		19,524		15,191
Undisbursed home equity lines of credit		10,326		11,048
Undisbursed commercial and other line of credit		96,186		78,941
Standby letters of credit		3,702		3,068
Total	$	138,486	$	115,078

Schedule of information regarding derivatives

Summary information regarding these derivatives is presented below:

	June 30,			December 31,
	2022			2021
Notational amount	$	31,173		$	26,842
Fair value	$	2,505		$	644
Weighted average pay rates		3.94	%		3.69	%
Weighted average receive rates		2.90	%		2.26	%
Weighted average maturity (in years)		9.58			9.78
Number of Contracts		8			7