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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES

Schedule of commitments and conditional obligations

​

​	​	​	​	​	​	​
​	​	Contractual Amount
​		December 31, 2021			December 31, 2020
​	​	​	(dollars in thousands)
Commitments to extend credit	​	$	609,947	​	$	530,191
Standby letters of credit	​	​	12,960	​	​	10,031

Schedule of future minimum lease payments

​

​	​	​	​
Year ended December 31,		​	​
2022		$	167
2023		​	131
2024		​	81
2025		​	33
Total		$	412

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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

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

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