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v3.25.1

Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2025
Commitments and Contingencies |
Financial instruments with credit risk |
(Dollars in thousands) |  |  |  |  |  |
|  | Contractual Amount |
|  | 3/31/25 |  |  | 12/31/24 |
Financial instruments whose contract amount represent credit risk: |  |  |  |  |  |
Commitments to extend credit |  | $ | 347,461 |  |  | $ | 348,876 |
Standby letters of credit |  | $ | 1,607 |  |  | $ | 1,675 |
Allowance for credit losses for unfunded loan commitments |
(dollars in thousands) |  |  |  |  |  |
|  | March 31, 2025 |  |  | March 31, 2024 |
Beginning Balance |  | $ | 1,101 |  |  | $ | 1,770 |
Provision for (recovery of) credit losses |  |  | 185 |  |  |  | (72 | )
Ending balance |  | $ | 1,286 |  |  | $ | 1,698 |

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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 -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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