XML 126 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Off-Balance Sheet Activities
 12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Off-Balance Sheet Activities

Note 19 – Off-Balance Sheet Activities

 

Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customers’ 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. Off-balance sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. 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 at December 31:

 

    2014   2013
    Fixed   Variable   Fixed   Variable
(Dollars in thousands)   Rate   Rate   Rate   Rate
                 
Unused lines of credit and letters of credit   $ 7,076     $ 60,476     $ 3,495     $ 66,421  
Commitments to fund loans (at market rates)     3,116       1,050       7,464       1,899  

  

Commitments to fund loans are generally made for periods of 180 days or less. The fixed rate loan commitments have interest rates ranging from 3.75% to 8.20% and maturities ranging from 18 months to 30 years.