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Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the financial statements. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. Commitments may expire without being used. The following table presents the Company’s outstanding loan commitments, including credit cards, at December 31, 2024 and December 31, 2023.
|  | December 31, 2024 |  | December 31, 2023
($ in thousands) |  | Fixed Rate |  | Variable Rate |  | Total |  | Fixed Rate |  | Variable Rate |  | Total
Loan commitments |  | $ | 157,221 |  |  | $ | 266,425 |  |  | $ | 423,646 |  |  | $ | 442,916 |  |  | $ | 179,934 |  |  | $ | 622,850 |
Unused lines of credit |  | 384,078 |  |  | 1,538,439 |  |  | 1,922,517 |  |  | 407,521 |  |  | 1,417,250 |  |  | 1,824,771 |
Total |  | $ | 541,299 |  |  | $ | 1,804,864 |  |  | $ | 2,346,163 |  |  | $ | 850,437 |  |  | $ | 1,597,184 |  |  | $ | 2,447,621 |
In addition to loan commitments, at December 31, 2024 and 2023, the Company had $24.5 million and $20.6 million, respectively, in standby letters of credit outstanding. The Company has no carrying amount for these standby letters of credit at either of those dates. The nature of the standby letters of credit is a stand-alone obligation made on behalf of the Company’s customers to suppliers of the customers to guarantee payments owed to the supplier by the customer. The standby letters of credit are generally for a term of one year, at which time they may be renewed for another year if both parties agree. The Company maintains an allowance for unfunded loan commitments which is included in "Other liabilities" in the consolidated balance sheets. The allowance for unfunded loan commitments is determined as part of the quarterly ACL analysis. The Company also periodically invests in limited partnerships and LLCs primarily for the purposes of fulfilling CRA requirements and obtaining tax credits. As of December 31, 2024, the Company had a remaining funding commitment of $32.1 million related to these investments. The Company, in the normal course of business, may be subject to various pending and threatened lawsuits in which claims for monetary damages are asserted. The Company is not involved in any legal proceedings which, in management’s opinion, could have a material effect on the consolidated financial position of the Company.

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