Loan Commitments – Legally binding commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the consolidated financial statements.


	June 30, 2026		December 31, 2025
Variable rate commitments	$	50,913	$	87,259
Fixed rate commitments(1)	20,975		34,716
Total loan commitments	$	71,888	$	121,975
Range of fixed interest rates	2.00% - 12.85%		4.12% - 9.75%

Undisbursed portions of construction loans	$	224,297	$	225,617
Pre-approved but unused lines of credit(2)	$	793,594	$	831,298

The commitments presented in the above table represent the Company’s exposure to credit risk and, in the opinion of management, have no more than the normal lending risk that the Company commits to its borrowers.

The Company has two types of commitments related to certain one-to-four family loans held for sale: rate lock commitments and forward loan commitments. Rate lock commitments are commitments to extend credit to a customer that has an interest rate lock and are considered derivative instruments. The rate lock commitments do not qualify for hedge accounting. In order to mitigate the risk from interest rate fluctuations, the Company enters into forward loan sale commitments such as TBAs, mandatory delivery commitments with investors, or best efforts forward sale commitments with investors. The fair value of these interest rate lock commitments was not material at June 30, 2026 or December 31, 2025.

Equity Investment Commitments – The Company invests in a variety of equity investments. For investments where the Company's original commitment amount has not been funded in full, the table below summarizes the Company's outstanding commitments:


	June 30, 2026				December 31, 2025
	Original Commitment		Remaining Commitments		Original Commitment		Remaining Commitments
Fintech	$	2,500	$	1,875	$	—	$	—
Low income housing	4,500		452		4,500		483
SBIC	19,000		8,573		19,000		9,983
Solar tax equity	10,000		2,519		10,000		2,519
Total	$	36,000	$	13,419	$	33,500	$	12,985

Although the remaining capital contributions may or may not be called in the future, under the terms of the associated agreements, the Company's exposure will not extend beyond the amount of the original commitments. The disclosure does not include equity investments where either the Company's capital commitments have been fully funded or the investment is winding down.

Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower's failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of June 30, 2026 and December 31, 2025 were $52,765 and $55,491, respectively. There was no liability recorded for these letters of credit at June 30, 2026 or December 31, 2025.

Litigation – From time to time, the Company is involved in litigation matters in the ordinary course of business. These proceedings and the associated legal claims are often contested, and the outcome of individual matters is not always predictable. These claims and counter claims typically arise during the course of collection efforts on problem loans or with respect to actions to enforce liens on properties in which the Company holds a security interest. The Company is not a party to any pending legal proceedings that management believes would have a material adverse effect on the Company’s financial condition or results of operations.