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Commitments, Contingencies, and Concentrations of Credit Risk (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of outstanding loan commitments

The following table presents the Company’s outstanding loan commitments at December 31, 2016.

($ in millions)

Type of Commitment	Fixed Rate		Variable Rate		Total
Outstanding closed-end loan commitments	$	139		237		376
Unfunded commitments on revolving lines of credit, credit cards and home equity loans		116		256		372
Total	$	255		493		748

Schedule of maximum credit risk for securities

The following are the fair values at December 31, 2016 of 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
Fannie Mae – mortgage-backed securities	$	79,105		77,446
Freddie Mac – mortgage-backed securities		76,161		74,789
Small Business Administration		40,315		39,576
Ginnie Mae - mortgage-backed securities		36,006		35,538
Federal Home Loan Bank of Atlanta - common stock		12,588		12,588
Federal Home Loan Bank System - bonds		11,498		11,498
Federal Reserve Bank - common stock		7,238		7,238
Bank of America corporate bond		7,000		6,955
Citigroup, Inc. corporate bond		6,041		6,000
Goldman Sachs Group Inc. corporate bond		5,108		5,054
JP Morgan Chase corporate bond		5,027		4,995
Financial Institutions, Inc. corporate bond		4,000		3,983
Craven County, North Carolina municipal bond		3,554		3,686
Spartanburg, South Carolina Sanitary Sewer District municipal bond		3,264		3,423
Wells Fargo & Company corporate bond		3,100		3,053
Freddie Mac – bonds		3,000		3,000
Federal Farm Credit bonds		3,000		2,993
Eagle Bancorp corporate bond		2,556		2,625
South Carolina State municipal bond		2,170		2,320
Virginia State Housing Authority municipal bond		2,034		2,113