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Outstanding Commitments and Contingent Liabilities | 3 Months Ended
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Mar. 31, 2021
Outstanding Commitments and Contingent Liabilities |
Outstanding Commitments and Contingent Liabilities | Note 9: 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 Company’s financial position or results of operations. ​ 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | March 31, | ​ | December 31,
​ |  | 2021 |  | 2020
Financial instruments whose contract amounts represent credit risk: | ​ | ​ | ​ | ​ | ​ | ​
Commitments to extend credit | ​ | $ | 1,759,035 | ​ | $ | 1,754,370
Standby letters of credit | ​ |  | 39,643 | ​ |  | 38,937
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