Financial Instruments with Off-Balance Sheet Risk

9 Months Ended

Sep. 30, 2012

Financial Instruments With Off Balance Sheet Risk Disclosure [Abstract]

Financial Instruments With Off Balance Sheet Risk Disclosure [Text Block]

Note 10 – Financial Instruments with Off-Balance Sheet Risk

In the normal course of business, to meet the financial needs of its customers, the Company’s bank subsidiaries enter into financial instruments with off-balance sheet risk. These financial instruments include commitments to extend credit and standby letters of credit. 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. Letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Letters of credit and other commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the letters of credit and commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements.

The following table provides information on commitments outstanding at September 30, 2012 and December 31, 2011.

(Dollars in thousands)	September 30, 2012		December 31, 2011
Commitments to extend credit	$	136,050	$	136,222
Letters of credit		12,254		11,311
Total	$	148,304	$	147,533