Annual report pursuant to Section 13 and 15(d)

Off-Balance Sheet Commitments (Tables)

v3.10.0.1
Off-Balance Sheet Commitments (Tables)
12 Months Ended
Dec. 31, 2018
Risks and Uncertainties [Abstract]  
Distribution of Undisbursed Loan Commitments
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
 
December 31, 2018
 
December 31, 2017
 
(in thousands)
Commitments to extend credit
$
325,100

 
$
318,634

Standby letters of credit
32,500

 
19,294

Commercial letters of credit
13,848

 
9,308

Total undisbursed loan commitments
$
371,448

 
$
347,236

Summary of Valuation Allowance
Activity in the allowance for off-balance sheet items was as follows for the periods indicated:
 
As of and for the
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in thousands)
Allowance for off-balance sheet items:
 
 
 
 
 
Balance at beginning of period
$
1,296

 
$
1,184

 
$
986

Provision
143

 
112

 
198

Balance at end of period
$
1,439

 
$
1,296

 
$
1,184