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Note 21 - Commitments and Contingent Liabilities | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] | Note 21 – Commitments and Contingent Liabilities The Company has various financial obligations, including contractual obligations and commitments that may require future cash payments. Except for its loan commitments, as shown in Note 20 to the Consolidated Financial Statements, the following table shows details on these fixed and determinable obligations as of December 31, 2016 in the time period indicated.
|  | Within One |  |  | One to |  |  | Three to |  |  | Over Five |  |  |  |  |
(dollars in thousands) |  | Year |  |  | Three Years |  |  | Five Years |  |  | Years |  |  | Total |
Deposits without a stated maturity (1) |  | $ | 4,967,366 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 4,967,366 |
Time deposits (1) |  |  | 478,801 |  |  |  | 239,055 |  |  |  | 30,892 |  |  |  | - |  |  |  | 748,748 |
Borrowed funds (2) |  |  | 68,876 |  |  |  | - |  |  |  | - |  |  |  | 220,000 |  |  |  | 288,876 |
Operating lease obligations |  |  | 8,016 |  |  |  | 15,200 |  |  |  | 13,059 |  |  |  | 16,179 |  |  |  | 52,454 |
Outside data processing (3) |  |  | 5,048 |  |  |  | 9,606 |  |  |  | 2,619 |  |  |  | - |  |  |  | 17,273 |
George Mason sponsorship (4) |  |  | 650 |  |  |  | 1,300 |  |  |  | 1,325 |  |  |  | 9,825 |  |  |  | 13,100 |
Non-Compete agreement (5) |  |  | 1,005 |  |  |  | 251 |  |  |  | - |  |  |  | - |  |  |  | 1,256 |
Total |  | $ | 5,529,762 |  |  | $ | 265,412 |  |  | $ | 47,895 |  |  | $ | 246,004 |  |  | $ | 6,089,073 |
| (1) | Excludes accrued interest payable at December 31, 2016.
| (2) | Borrowed funds include customer repurchase agreements, and other short-term and long-term borrowings.
| (3) | The Bank has outstanding obligations under its current core data processing contract that expire in May 2020 and two other vendor arrangements that relate to network infrastructure and data center services, one expires in July 2020 and the other expires in December 2018.
| (4) | The Bank has the option of terminating the George Mason agreement at the end of contract years 10 and 15 (that is, effective June 30, 2025 or June 30, 2030). Should the Bank elect to exercise its right to terminate the George Mason contract, contractual obligations would decrease $3.5 million and $3.6 million for the first option period (years 11 - 15) and the second option period (16 - 20), respectively.
| (5) | Non-compete agreement with a retired Director.
In the normal course of its business, the Company is involved in litigation arising from banking, financial, and other activities it conducts. Management, after consultation with legal counsel, does not anticipate that the ultimate liability, if any, arising out of these matters will have a material effect on the Company’s financial condition, operating results or liquidity.

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