b'Contract or notional amount2019 2018Commitments to originate:Fixed rate loans:Residential real estate loans to be sold $617,500 $ 976,000Other residential real estate 473,520561,000Other commerical real estate and construction 110,000750,000Adjustable rate loans:Other commerical real estate and construction4,000,000 4,750,000Other residential real estate2,506,347 2,247,490Commerical and other- 268,000Letters of credit 747,239416,437Undisbursed portion of constructionloans5,875,266 9,111,751Available credit granted on commercial loans11,330,644 13,041,018Available credit on personal linesof credit 49,71654,209Undisbursed portion of home equity loans6,753,517 5,742,177$ 32,463,749 $37,918,082 NOTE 22.SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISKCNBs primary business is mortgage loans, which consists of originating residential, construction, multi-family and commercial real estate loans and consumer and commercial loans.CNBs primary lending area is Morgan and Berkeley Counties, West Virginia and Washington County, Maryland.Loans are occasionally made in surrounding counties in West Virginia, Maryland, Virginia and Pennsylvania.CNB also invests in mortgage backed securities and collateralized mortgage obligations.See Note 3:Securities.The Company maintains substantial balances of cash on hand and investments held in safekeeping at corresponding banks.The balances held at the correspondent banks are in excess of the Federal Deposit Insurance Corporation insurance limit.Management considers this to be a normal business risk.NOTE 23.LEGAL CONTINGENCIESVarious legal claims have been asserted or arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Banks consolidated financial statements.NOTE 24.REGULATORY MATTERSThe primary source of funds for the dividends paid by CNB Financial Services, Inc. is dividends received from its banking subsidiary.The payment of dividends by banking subsidiaries is subject to various banking regulations.The most restrictive provision requires regulatory approval if dividends declared in any calendar year exceed the total net profits, as defined, of that year plus the retained net profits, as defined, of the preceding two years.At December 31, 2019, CNB has $6,224,000 available for dividends.The Bank is subject to various regulatory capital requirements administered by the banking regulatory agencies.Pursuant to capital adequacy guidelines, the Bank must meet specific capital guidelines that involve various quantitative measures of the Banks assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices.The Banks capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total, Tier I, and Common Equity Tier I capital to risk-weighted assets (as defined), and of 40'