Bank of N.T. Butterfield & Son Ltd
For the period ended Sep 30, 2026. Filed Oct 27, 2026.
View on SEC.govAbout this filing
What a company based outside the US has published at home or sent to its shareholders. It is how many foreign companies share results and news between annual reports.
Sep 30, 2026 · Filed Oct 27, 2026
Use the contents to explore the available documents and sections.
Contents
EX-99.2 · Commitments
Commitments
The Bank enters into contractual commitments to extend credit, normally with fixed expiration dates or termination clauses, at specified rates and for specific purposes. Substantially all of the Bank's commitments to extend credit are contingent upon customers maintaining specific credit standards at the time of loan funding. Management assesses the credit risk associated with certain commitments to extend credit in determining the level of the allowance for expected credit losses.
The Bank has a facility with one of its custodians, whereby the Bank may offer up to $200 million of standby letters of credit to its customers on a fully secured basis. Under the standard terms of the facility, the custodian has the right to set-off against securities held of 110% of the utilized facility. At September 30, 2026, $120.6 million (December 31, 2025: $125.0 million) of standby letters of credit were issued under this facility.
| Outstanding unfunded commitments to extend credit | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Commitments to extend credit | 510,665 | 577,370 |
| Documentary and commercial letters of credit | 1,142 | 859 |
| Total unfunded commitments to extend credit | 511,807 | 578,229 |
| Allowance for credit losses | (130) | (131) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.