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COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES |
Schedule of commitments and conditional obligations |
|  | Contractual Amount
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
|  |  | (dollars in thousands)
Commitments to extend credit |  | $ | 530,191 |  | $ | 542,705
Standby letters of credit |  |  | 10,031 |  |  | 8,991
Schedule of future minimum lease payments | Future minimum lease payments under these leases are as follows (dollars in thousands):
Year ended December 31, |  |  |
2021 |  | $ | 144
2022 |  |  | 102
2023 |  |  | 71
2024 |  |  | 71
2025 |  |  | 33
Total |  | $ | 421

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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