Outstanding Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2019

Outstanding Commitments and Contingent Liabilities

Outstanding Commitments and Contingent Liabilities

Note 16. 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 financial position or the results of operations of the Company.

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):

	December 31, 2019		December 31, 2018
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	1,649,565	$	1,398,483
Standby letters of credit		42,581		32,156