LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES

6 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES

NOTE 6 - LOAN COMMITMENTS AND OTHER RELATED 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 contract 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 that are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

The contractual amounts of financial instruments with off-balance-sheet risk at period-end were as follows:

	June 30, 2017		December 31, 2016
Commitments to make loans	$	52,637	$	25,698
Unused lines of credit	$	171,286	$	150,553
Standby letters of credit	$	7,348	$	5,003

The following instruments are considered financial guarantees and are carried at fair value, which approximates $0 at period end June 30, 2017 and December 31, 2016.

	June 30, 2017				December 31, 2016
	Contract Amount		Fair Value		Contract Amount		Fair Value
Standby letters of credit	$	7,348	$	-	$	5,003	$	-
Loans sold with recourse	$	66,824	$	-	$	67,425	$	-

HCBF Holding Company, Inc. 10-Q/A