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FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)
12 Months Ended
Dec. 31, 2021
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK  
Schedule of off-balance-sheet financial instruments

The following off-balance-sheet financial instruments whose contract amounts represent credit risk, are outstanding (in thousands):

At December 31, 2021

At December 31, 2020

Variable

Variable

    

Fixed Rate

    

Rate

    

Fixed Rate

    

Rate

Unused commitments

$

39,676

$

346,115

$

19,024

$

266,696

Standby and commercial letters of credit

49,988

34,264

$

89,664

$

346,115

$

53,288

$

266,696