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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Contract Amounts of Credit-related Financial Instruments

The contractual amounts of credit-related financial instruments are summarized below:

 

 

June 30, 2024

 

 

Fixed Rate

 

 

Variable Rate

 

 

Total

 

 

(in thousands)

 

Commitments to extend credit

 

$

10,674

 

 

$

101,736

 

 

$

112,410

 

Standby letters of credit

 

 

—

 

 

 

159

 

 

 

159

 

Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program

 

 

1,275

 

 

 

—

 

 

 

1,275

 

Commitments to sell loans

 

 

6,178

 

 

 

—

 

 

 

6,178

 

Overdraft protection program commitments

 

 

3,702

 

 

 

—

 

 

 

3,702

 

 

 

December 31, 2023

 

 

Fixed Rate

 

 

Variable Rate

 

 

Total

 

 

(in thousands)

 

Commitments to extend credit

 

$

1,136

 

 

$

86,201

 

 

$

87,337

 

Standby letters of credit

 

 

—

 

 

 

150

 

 

 

150

 

Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program

 

 

1,095

 

 

 

—

 

 

 

1,095

 

Commitments to sell loans

 

 

635

 

 

 

—

 

 

 

635

 

Overdraft protection program commitments

 

 

3,758

 

 

 

—

 

 

 

3,758