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Outstanding Commitments and Contingent Liabilities | 12 Months Ended
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Dec. 31, 2019
Outstanding Commitments and Contingent Liabilities |
Outstanding Commitments and Contingent Liabilities | Note 16. Outstanding Commitments and Contingent Liabilities ​ Legal Matters ​ The Company is a party to legal actions which arise in the normal course of its business activities. In the opinion of management, the ultimate resolution of these matters is not expected to have a material effect on the financial position or the results of operations of the Company. ​ Credit Commitments and Contingencies ​ A summary of the contractual amount of the Company’s exposure to off-balance-sheet risk relating to the Company’s commitments to extend credit and standby letters of credit follows (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2019 |  | December 31, 2018
Financial instruments whose contract amounts represent credit risk: | ​ | ​ | ​ | ​ | ​ | ​
Commitments to extend credit | ​ | $ | 1,649,565 | ​ | $ | 1,398,483
Standby letters of credit | ​ |  | 42,581 | ​ |  | 32,156
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