XML 40 R33.htm IDEA: XBRL DOCUMENT v3.24.3
Commitments and Contingent Liabilities (Tables)
9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Total Contractual Amount for All Off-balance Sheet Commitments

A summary of the Company’s total contractual amount for all off-balance sheet commitments at September 30, 2024 is as follows:

 

Commitments to extend credit

 

$

1,126,833,000

 

Standby letters of credit

 

$

103,322,000

 

Schedule of Allowance for Credit Losses on Off-balance-sheet Credit Exposures

The following table details activity in the allowance for credit losses on off-balance-sheet credit exposures for the nine months ended September 30, 2024 and 2023.

 

 

 

(In Thousands)

 

 

 

2024

 

 

2023

 

Beginning balance, January 1

 

$

3,147

 

 

 

6,136

 

Credit loss expense (benefit)

 

 

(563

)

 

 

(2,975

)

Ending balance, September 30

 

$

2,584

 

 

 

3,161

 

 

The following table details activity in the allowance for credit losses on off-balance-sheet credit exposures for the three months ended September 30, 2024 and 2023.

 

 

 

(In Thousands)

 

 

 

2024

 

 

2023

 

Beginning balance, July 1

 

$

3,147

 

 

 

3,838

 

Credit loss expense (benefit)

 

 

(563

)

 

 

(677

)

Ending balance, September 30

 

$

2,584

 

 

 

3,161