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COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2012
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 $781,000 at December 31, 2012.

The following is a summary of the commitments to extend credit at December 31, 2012 and 2011:

 

(In thousands)    2012      2011  

Loan commitments:

      

Fixed rate

    $ 1,554       $ 1,113   

Adjustable rate

      11,640         1,366   

Unused lines of credit on credit cards

      2,981         2,942   

Undisbursed commercial and personal lines of credit

      17,413         15,748   

Undisbursed portion of construction loans in process

      4,306         4,768   

Undisbursed portion of home equity lines of credit

      18,086         16,685   
  

 

 

     

 

 

  

Total commitments to extend credit

    $ 55,980       $ 42,622