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International Operations

12 Months Ended

Dec. 31, 2011

(13) International Operations

The Company provides international banking services for its customers through its bank subsidiaries. Neither the Company nor its bank subsidiaries have facilities located outside the United States. International operations are distinguished from domestic operations based upon the domicile of the customer.

Because the resources employed by the Company are common to both international and domestic operations, it is not practical to determine net income generated exclusively from international activities.

A summary of assets attributable to international operations at December 31, 2011 and 2010 are as follows:

	2011			2010

	(Dollars in Thousands)
Loans:
Commercial	$	185,287		$	195,208
Others		44,718			50,417

		230,005			245,625
Less allowance for probable loan losses		(1,359	)		(437	)

Net loans	$	228,646		$	245,188

Accrued interest receivable	$	1,064		$	1,331

At December 31, 2011, the Company had $132,567,000 in outstanding standby and commercial letters of credit to facilitate trade activities. The letters of credit are issued primarily in conjunction with credit facilities, which are available to various Mexican banks doing business with the Company.

Revenues directly attributable to international operations were $9,870,000, $11,423,000 and $13,681,000 for the years ended December 31, 2011, 2010 and 2009, respectively.