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Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Schedule of Financial Instruments Contract Amounts Represent Credit Risk

In most cases, the Bank requires collateral or other security to support financial instruments with credit risk.

		Appropriate
		Contract Amount
		December 31, 2020				December 31, 2019
Financial instruments whose contract amounts    represent credit risk: (in thousands)
Commitments to extend credit		$	63,485			$	24,648

Schedule of Dollar Amount and Ranges of Rates of Commitments to Fund Fixed Rate Loans

The dollar amount and ranges of rates of commitments to fund fixed rate loans follows:  (in thousands)

		December 31,2020						December 31,2019
		Amount				Interest Rate Range		Amount				Interest Rate Range
Commitments to extend credit		$	34,391			2.85%-6.95%			3,842			2.50%-7.75%

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- Definition

Schedule of dollar amount and ranges of rates of commitments to fund fixed rate loans.

+ 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.

+ 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
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13433-108611

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