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Significant Group Concentrations of Credit Risk
3 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]  
Significant Group Concentrations of Credit Risk
12.
Significant Group Concentrations of Credit Risk

All of the Company’s business activity is with customers primarily located within Texas. Such customers are normally also depositors of the Company.

The distribution of commitments to extend credit approximates the distribution of loans outstanding. The contractual amounts of credit related financial instruments such as commitments to extend credit and credit card arrangements represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer default, and the value of any existing collateral become worthless.

At March 31, 2023 and December 31, 2022, the Company had federal funds sold aggregating approximately $1.8 million and $2.1 million, respectively, which represents concentrations of credit risk. The Company had uninsured deposits of approximately $179.6 million and $279.1 million as of March 31, 2023 and December 31, 2022, respectively.