OFF-BALANCE SHEET COMMITMENTS

Some financial instruments such as loan commitments, credit lines, letters of credit, and overdraft protection are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Risk of credit loss exists up to the face amount of these instruments. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

The contractual amount of financial instruments with off-balance-sheet risk was as follows for the dates indicated:



	September 30, 2014				December 31, 2013
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
	(In thousands)
Financial Instruments whose contract amounts represent credit risk
Commitments to extend credit	$	59,892	$	46,534	$	35,425	$	61,613
Unused lines of credit	18,633		272,510		3,403		268,669
Letters of credit	760		7,569		10		6,289

Commitments to make loans are generally made for periods of 30 days or less.

As of September 30, 2014, total forward commitments were $461.2 million. These commitments consisted of jumbo mortgage loan sale commitments of $112.7 million, TBAs of $307.0 million, best efforts of $41.5 million, and other commitments of $0. Additionally, the Company had IRLCs of $200.4 million at September 30, 2014.