Outstanding Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2021

Outstanding Commitments and Contingent Liabilities

Outstanding Commitments and Contingent Liabilities

Note 9: 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
	March 31,		December 31,
	2021		2020
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	1,759,035	$	1,754,370
Standby letters of credit		39,643		38,937