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LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES | 12 Months Ended
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Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES | LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES Some financial instruments, such as unfunded 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 contract are met, and usually have expiration dates. Commitments may expire without being used. Risk of credit loss exists up to the face amount of these instruments. The same credit policies are used to make such commitments as are used for originating loans, including obtaining collateral at exercise of the commitment. The following table presents the contractual amount of financial instruments with off-balance-sheet risk as of the periods indicated:
|  | December 31,
|  | 2021 |  | 2020
($ in thousands) |  | Fixed Rate |  | Variable Rate |  | Fixed Rate |  | Variable Rate
Commitments to extend credit |  | $ | 37,107 |  |  | $ | 136,921 |  |  | $ | 17,555 |  |  | $ | 38,141 |
Unused lines of credit |  | 6,894 |  |  | 1,699,933 |  |  | 1,783 |  |  | 1,348,138 |
Letters of credit |  | 2,553 |  |  | 5,617 |  |  | 234 |  |  | 8,274 |
Other Commitments At December 31, 2021, we had unfunded commitments of $10.3 million, $7.1 million, and $5.0 million for LIHTC investments (refer to Note 20 - Variable Interest Entities), SBIC investments, and other qualified affordable housing investments.

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- Definition The entire disclosure for commitments, contingencies, and guarantees. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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