NOTE 18  COMMITMENTS AND CONTINGENCIES Lending and Letter of Credit Commitments In the normal course of business, the Company enters into various commitments to extend credit which are not reflected in the financial statements. These commitments consist of the undisbursed balance on personal, commercial lines, including commercial real estate secured lines of credit, and of undisbursed funds on construction and development loans. At March 31, 2019 and December 31, 2018, undisbursed commitments totaled $90.5 million and $ 99.2 million, respectively. In addition, at March 31, 2019 and December 31, 2018, the Company has issued standby letter of credit commitments, primarily issued for the third party performance obligations of clients totaling $1.9 million and $1.8 million, respectively. There were no outstanding balances at March 31, 2019 and December 31, 2018. Commitments generally have fixed expiration dates or other termination clauses. The actual liquidity needs or the credit risk that the Company will experience will be lower than the contractual amount of commitments to extend credit because a significant portion of these commitments are expected to expire without being drawn upon. The commitments are generally variable rate and include unfunded home equity lines of credit, commercial real estate construction where disbursement is made over the course of construction, commercial revolving lines of credit, and unsecured personal lines of credit. The Companys outstanding loan commitments are made using the same underwriting standards as comparable outstanding loans. As of March 31, 2019 and December 31, 2018, the reserve associated with these commitments included in interest payable and other liabilities on the consolidated balance sheets was $330,000. Commercial Real Estate Concentrations At March 31, 2019 and December 31, 2018, in managements judgment, a concentration of loans existed in commercial real estate related loans. The Companys commercial real estate loans are secured by owner-occupied and non-owner occupied commercial real estate and multi-family properties. Although management believes that loans within these concentrations have no more than the normal risk of collectability, a decline in the performance of the economy in general or a decline in real estate value in the Companys primary market areas in particular, could have an adverse impact on collectability. Other Assets The Company has commitments to fund Low Income Housing Tax Credit Partnerships (LIHTC) and a Small Business Investment Company (SBIC). At both March 31, 2019 and December 31, 2018, the remaining commitments to the LIHTC and SBIC were approximately $3.8 million and $976,000 , respectively. Deposits At March 31, 2019, approximately $148.8 million, or 11.9%, of the Company's deposits are derived from the top ten depositors. At December 31, 2018, approximately $148.6 million, or 11.5%, of the Company's deposits are derived from the top ten depositors. Local Agency Deposits In the normal course of business, the Company accepts deposits from local agencies. The Company is required to provide collateral for certain local agency deposits in the states of California, New Mexico and Washington. As of March 31, 2019 and December 31, 2018, the FHLB issued letters of credit on behalf of the Company totaling $11.5 million, as collateral for local agency deposits.