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Commitments (Tables)
12 Months Ended
Dec. 31, 2021
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,
2021

 

 

December 31,
2020

 

Financial instruments whose contract amounts
   represent credit risk: (in thousands)

 

 

 

 

 

 

Commitments to extend credit

 

$

69,582

 

 

$

63,485

 

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 31,2021

 

December 31,2020

 

 

Amount

 

 

Interest
Rate
Range

 

Amount

 

 

Interest
Rate
Range

Commitments to extend credit

 

$

26,820

 

 

2.75%-6.95%

 

 

34,391

 

 

2.85%-6.95%