Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies

Schedule of contract amounts represent off-balance sheet credit risk

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

	Years ended December 31,
	2023		2022
Commitments to extend credit summarized as follows:
Future loan commitments	$	5,318	$	3,815
Undisbursed construction loans		42,482		30,274
Undisbursed home equity lines of credit		10,727		9,561
Undisbursed commercial and other line of credit		69,258		77,719
Standby letters of credit		4,965		4,571
Loans sold with recourse		1,873		276
Total	$	134,623	$	126,216

Schedule of unfunded commitments

Activity in the Company’s ACL for unfunded commitments for the year ended December 31, 2023 is summarized in the tables below and included in accrued expenses and other liabilities. The Adoption of the CECL Standard row presents adjustments recorded on January 1, 2023 through retained earnings.

	Commercial				Commercial
	Real Estate		Residential		and Industrial		Indirect		Consumer		Totals
	Year ended December 31, 2023
Allowance for credit losses:
Beginning balance	$	—	$	—	$	—	$	—	$	—	$	—
Adoption of CECL standard		149		—		65		—		7		221
Provision for credit losses		23		—		7		—		6		36
Ending balance	$	172	$	—	$	72	$	—	$	13	$	257