FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2012

Financial Instruments With Off- Balance Sheet Risk and Derivatives [Abstract]

Financial Instruments With Off Balance Sheet Credit Risk

A summary of the financial instruments with off-balance sheet credit risk is as follows at December 31 for the years indicated:

(In thousands)	2012		2011
Commercial	$	186,014	$	79,567
Real estate-development and construction		79,480		76,940
Real estate-residential mortgage		56,445		20,922
Lines of credit, principally home equity and business lines		667,186		621,422
Standby letters of credit		72,008		73,913
Total Commitments to extend credit and available credit lines	$	1,061,133	$	872,764

Companys Interest Rate Swaps

A summary of the Company’s interest rate swaps at December 31 for the years indicated is included in the following table:

	2012
	Notional		Estimated			Years to		Receive			Pay
(Dollars in thousands)	Amount		Fair Value			Maturity		Rate			Rate
Interest Rate Swap Agreements:
Pay Fixed/Receive Variable Swaps	$	17,949	$	(1,280	)		2.7		2.44	%		5.41	%
Pay Variable/Receive Fixed Swaps		17,949		1,280			2.7		5.41	%		2.44	%
Total Swaps	$	35,898	$	-			2.7		3.92	%		3.92	%

	2011
	Notional		Estimated			Years to		Receive			Pay
(Dollars in thousands)	Amount		Fair Value			Maturity		Rate			Rate
Interest Rate Swap Agreements:
Pay Fixed/Receive Variable Swaps	$	27,127	$	(1,529	)		3.0		2.65	%		4.66	%
Pay Variable/Receive Fixed Swaps		27,127		1,529			3.0		4.66	%		2.65	%
Total Swaps	$	54,254	$	-			3.0		3.66	%		3.66	%