Outstanding Commitments and Contingent Liabilities

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Outstanding Commitments and Contingent Liabilities

Outstanding Commitments and Contingent Liabilities

Legal Matters

The Company is a party to legal actions which arise in the normal course of its business activities. In the opinion of management, the ultimate resolution of these matters is not expected to have a material effect on the Company’s financial position or results of operations.

Credit Commitments and Contingencies

A summary of the contractual amount of the Company’s exposure to off-balance-sheet risk relating to the Company’s commitments to extend credit and standby letters of credit follows (dollars in thousands):

	As of
	September 30, 2022		December 31, 2021
Financial instruments whose contract amounts represent credit risk
Commitments to extend credit	$	2,024,255	$	1,983,655
Standby letters of credit	31,933		32,552
Total commitments	$	2,056,188	$	2,016,207