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Off-balance-sheet Activities

3 Months Ended

Mar. 31, 2025

Note 5: Off-balance-sheet Activities

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 contracts are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

A summary of the notional or contractual amounts of financial instruments with off-balance-sheet risk at the indicated dates is as follows:


	March 31,		December 31,
	2025		2024

	(In thousands)
Commercial loans unused lines of credit	$	71,314	$	71,522
Commitment to originate loans		69,988		70,251
Consumer open end lines of credit		35,701		35,570
Standby lines of credit		11		136

During the three months ended March 31, 2025, there was no change in the provision for credit expense for off balance sheet exposure of $94,000.

Allowance for Credit Losses on Off-Balance Sheet Commitments

The following table present the activity in the allowance for credit losses related to off-balance sheet commitments, that is included in interest payable and other liabilities on the consolidated balance sheets of financial condition for the three months ended March 31, 2025 and 2024.


	March 31,
	2025

Balance – December 31, 2024	$	94
Provision for (reversal of) credit losses		—
Balance – March 31, 2025	$	94


	March 31,
	2024

Balance – December 31, 2023	$	224
Provision for (reversal of) credit losses		—
Balance – March 31, 2024	$	224