Off-Balance Sheet Risk (Tables)

3 Months Ended

Mar. 31, 2024

Off Balance Sheet Risk

Schedule of Financial instruments whose contract amounts represent credit risk

Financial instruments whose contract amounts represent credit risk are as follows at March 31, 2024 and December 31, 2023:

(In Thousands)	March 31, 2024			December 31, 2023
Commitments to extend credit	$	853,704		$	855,171
Funded commitments to extend credit	474,855			469,684
Remaining unfunded commitments to extend credit	378,849			385,487
Standby letters of credit	14,052			13,969
Credit exposure from the sale of assets with recourse	6,995			6,995
Total unfunded credit exposure	$	399,896		$	406,451
Allowance for credit losses	$	902		$	1,342
Commitment to extend credit funded rate	55.6		%	54.9		%
Historic commitment to extend credit funded rate	53.0		%	51.6		%