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COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2011
COMMITMENTS AND CONTINGENCIES
(16) COMMITMENTS AND CONTINGENCIES

In the normal course of business, there are outstanding various commitments and contingent liabilities, such as commitments to extend credit and legal claims, which are not reflected in the financial statements.

Commitments under outstanding standby letters of credit totaled $1.7 million at December 31, 2011.

The following is a summary of the commitments to extend credit at December 31, 2011 and 2010:

 

(In thousands)    2011      2010  

Loan commitments:

      

Fixed rate

    $ 1,113       $ 1,138   

Adjustable rate

      1,366         6,157   

Unused lines of credit on credit cards

      2,942         2,861   

Undisbursed commercial and personal lines of credit

      15,748         15,335   

Undisbursed portion of construction loans in process

      4,768         3,119   

Undisbursed portion of home equity lines of credit

      16,685         15,843   
  

 

 

     

 

 

  

Total commitments to extend credit

    $ 42,622       $ 44,453