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Commitments, Contingencies, and Concentrations of Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Schedule of outstanding loan commitments

The following table presents the Company’s outstanding loan commitments at December 31, 2013.

 

($ in millions)                  
                   
Type of Commitment   Fixed Rate     Variable Rate     Total  
Outstanding closed-end loan commitments   $ 57       99       156  
Unfunded commitments on revolving lines of credit, credit cards and home equity loans     69       187       256  
     Total   $ 126       286       412  
Schedule of maximum credit risk for securities

The following are the fair values at December 31, 2013 of available for sale and held to maturity securities to any one issuer/guarantor that exceed $2.0 million, with such amounts representing the maximum amount of credit risk that the Company would incur if the issuer did not repay the obligation.

 

($ in thousands)

Issuer

   Amortized Cost   Fair Value  
Ginnie Mae - mortgage-backed securities   $ 80,994       80,713  
Small Business Administration     65,750       64,476  
Federal Farm Credit bonds     9,432       9,267  
Federal Home Loan Bank System - bonds     9,000       8,978  
First Citizens Bancorp (South Carolina) – bond / trust preferred securities     3,999       3,598  
Federal Home Loan Bank of Atlanta  - common stock     3,894       3,894  
Craven County, North Carolina municipal bond     3,621       3,823  
Spartanburg, South Carolina Sanitary Sewer District municipal bond     3,286       3,444  
South Carolina State municipal bond     2,142       2,255  
Virginia State Housing Authority municipal bond     2,130       2,254