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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Financial Instrument Liabilities Represent Off-Balance Sheet Credit Risk

Amounts of financial instruments whose contract amounts represent off-balance sheet credit risk are as follows as of September 30, 2024 and December 31, 2023:

 

 

 

September 30, 2024

 

 

December 31, 2023

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

Commitments to originate loans

 

$

33,370

 

 

$

22,701

 

Commitments to purchase loans

 

 

920

 

 

 

415

 

Unadvanced funds on lines of credit

 

 

78,041

 

 

 

78,378

 

Unadvanced funds on construction loans

 

 

46,974

 

 

 

53,013

 

Letters of credit

 

 

50

 

 

 

-

 

 

$

159,355

 

 

$

154,507