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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2020

COMMITMENTS AND CONTINGENCIES

Schedule of lending and letter of credit commitments

The following table presents a summary of commitments described above as of the dates indicated:

​	​	​	​	​	​	​
​		December 31,			December 31,
​	​	2020		​	2019
Commitments to extend credit	​	$	108,376	​	$	126,617
Standby letters of credit	​		2,326	​		2,317
Total commitments	​	$	110,702	​	$	128,934

​

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- References

No definition available.

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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
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