Off-balance-sheet Activities

3 Months Ended

Mar. 31, 2024

Off-balance-sheet Activities

Off-balance-sheet Activities

Note 5:         Off-balance-sheet Activities

Some financial instruments, such as loan commitments, credit lines, letters of credit and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contracts are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

A summary of the notional or contractual amounts of financial instruments with off-balance-sheet risk at the indicated dates is as follows:

	March 31,		December 31,
	2024		2023
	(In thousands)
Commercial loans unused lines of credit	$	82,940	$	93,773
Commitment to originate loans		80,901		91,710
Consumer open end lines of credit		35,453		37,024
Standby lines of credit		136		136

During the three months ended March 31, 2024, there was no change in the provision for credit expense for off balance sheet exposure of $224,000.