Commitments and Contingencies and Derivatives (Tables)

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies and Derivatives

Schedule of contract amounts represent off-balance sheet credit risk

	September 30,		December 31,
	2023		2022
Commitments to extend credit summarized as follows:
Future loan commitments	$	7,544	$	3,815
Undisbursed construction loans		40,487		30,274
Undisbursed home equity lines of credit		10,674		9,561
Undisbursed commercial and other line of credit		63,782		77,719
Standby letters of credit		5,350		4,571
Loans sold with recourse		1,075		276
Total	$	128,912	$	126,216

Schedule of unfunded commitments

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Three months ended September 30, 2023
Allowance for credit losses:
Beginning balance	$	200	$	—	$	61	$	—	$	7	$	268
Provision for credit losses		26		—		4		—		1		31
Ending balance	$	226	$	—	$	65	$	—	$	8	$	299

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Nine months ended September 30, 2023
Allowance for credit losses:
Beginning balance	$	—	$	—	$	—	$	—	$	—	$	—
Adoption of CECL standard		149		—		65		—		7		221
Provision for credit losses		77		—		—		—		1		78
Ending balance	$	226	$	—	$	65	$	—	$	8	$	299

Schedule of information regarding derivatives

	September 30,			December 31,
	2023			2022
Notational amount	$	60,948		$	26,541
Fair value	$	5,080		$	3,578
Weighted average pay rates		5.03	%		3.69	%
Weighted average receive rates		7.37	%		6.30	%
Weighted average maturity (in years)		8.93			8.79
Number of Contracts		14			7