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Outstanding Commitments and Contingent Liabilities
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Outstanding Commitments and Contingent Liabilities 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,
2023
December 31,
2022
Financial instruments whose contract amounts represent credit risk
Commitments to extend credit$2,066,438 $1,991,769 
Standby letters of credit37,472 33,008 
Total commitments$2,103,910 $2,024,777