Commitments and Contingencies and Derivatives (Tables)

9 Months Ended

Sep. 30, 2024

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,
	2024		2023
Commitments to extend credit summarized as follows:
Future loan commitments	$	4,477	$	5,318
Undisbursed construction loans		21,449		42,482
Undisbursed home equity lines of credit		10,363		10,727
Undisbursed commercial and other line of credit		77,780		69,258
Standby letters of credit		2,941		4,965
Loans sold with recourse		807		1,873
Total	$	117,817	$	134,623

Schedule of information regarding derivatives

Summary information regarding these derivatives is presented below:

	September 30,			December 31,
	2024			2023
Notational amount	$	113,385		$	65,420
Fair value	$	6,043		$	5,343
Weighted average pay rates		5.24	%		5.064	%
Weighted average receive rates		7.29	%		7.49	%
Weighted average maturity (in years)		8.45			8.88
Number of Contracts		19			14