Commitments and Contingencies and Derivatives (Tables)

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies and Derivatives

Schedule of contract amounts represent off-balance sheet credit risk

	March 31,		December 31,
	2023		2022
Commitments to extend credit summarized as follows:
Future loan commitments	$	5,973	$	3,815
Undisbursed construction loans		33,989		30,274
Undisbursed home equity lines of credit		9,692		9,561
Undisbursed commercial and other line of credit		91,318		77,719
Standby letters of credit		5,244		4,571
Loans sold with recourse		726		276
Total	$	146,942	$	126,216

Schedule of unfunded commitments

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Three months ended March 31, 2023
Allowance for credit losses:
Beginning balance	$	—	$	—	$	—	$	—	$	—	$	—
Adoption of CECL standard		149		—		65		—		7		221
Provision for credit losses		19		—		1		—		—		20
Ending balance	$	168	$	—	$	66	$	—	$	7	$	241

Schedule of information regarding derivatives

	March 31,			December 31,
	2023			2022
Notational amount	$	32,436		$	26,541
Fair value	$	3,282		$	3,578
Weighted average pay rates		4.10	%		3.69	%
Weighted average receive rates		6.80	%		6.30	%
Weighted average maturity (in years)		8.81			8.79
Number of Contracts		8			7