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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 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:

 

 

September 30, 2024

 

 

Fixed Rate

 

 

Variable Rate

 

 

Total

 

 

(in thousands)

 

Commitments to extend credit

 

$

7,453

 

 

$

89,027

 

 

$

96,480

 

Standby letters of credit

 

 

 

 

 

592

 

 

 

592

 

Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program

 

 

1,384

 

 

 

 

 

 

1,384

 

Commitments to sell loans

 

 

2,541

 

 

 

 

 

 

2,541

 

Overdraft protection program commitments

 

 

3,663

 

 

 

 

 

 

3,663

 

 

 

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