Some financial instruments, such as loan commitments, credit lines, letters of credit and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

The contractual amounts of financial instruments with off-balance-sheet risk at year end were as follows:



	2024				2023
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
Commitments to make loans	$	11,593	$	202,590	$	14,578	$	151,693
Unused lines of credit	$	13,718	$	190,972	$	7,513	$	157,695
Standby letters of credit	$	2,795	$	-	$	3,345	$	-

Commitments to make loans are generally made for periods of 60 days or less, except for construction loan commitments, which are typically for a period of one to three years, and loans under a specific drawdown schedule, which are based on the individual contracts. The fixed-rate loan commitments had interest rates ranging from 3.00% to 10.00% and maturities ranging from one month to 30 years at December 31, 2024. The fixed-rate loan commitments had interest rates ranging from 3.0% to 9.5% and maturities ranging from three months to 30 years at December 31, 2023.

As discussed in Note 1, effective January 1, 2023, the Company adopted ASC 326. The Company maintains an accrual for credit losses on off-balance sheet commitments using the CECL methodology. This reserve level remains appropriate and is reported in other liabilities in the Consolidated Balance Sheets. The related allowance for credit losses on unfunded commitments was $1,971 and $1,321 at December 31, 2024 and December 31, 2023, respectively.


	December 31,
	2024		2023
Balance at beginning of the period	$	1,321	$	862
Provision for credit losses-unfunded commitments		650		459
Ending Balance	$	1,971	$	1,321