Commitments and Contingencies and Derivatives (Tables)

9 Months Ended

Sep. 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:

	September 30,		December 31,
	2022		2021
Commitments to extend credit summarized as follows:
Future loan commitments	$	8,804	$	6,830
Undisbursed construction loans		38,829		15,191
Undisbursed home equity lines of credit		10,200		11,048
Undisbursed commercial and other line of credit		94,097		78,941
Standby letters of credit		5,004		3,068
Total	$	156,934	$	115,078

Schedule of information regarding derivatives

Summary information regarding these derivatives is presented below:

	September 30,			December 31,
	2022			2021
Notational amount	$	52,982		$	26,842
Fair value	$	4,840		$	644
Weighted average pay rates		4.28	%		3.69	%
Weighted average receive rates		4.73	%		2.26	%
Weighted average maturity (in years)		10.11			9.78
Number of Contracts		11			7