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COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2013
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 consolidated financial statements.

Commitments under outstanding standby letters of credit totaled $1.2 million and $781,000 at December 31, 2013 and 2012, respectively.

The following is a summary of the commitments to extend credit at December 31, 2013 and 2012:

 

(In thousands)    2013      2012  

Loan commitments:

      

Fixed rate

    $ 865       $ 1,554   

Adjustable rate

      5,453         11,640   

Unused lines of credit on credit cards

      3,821         2,981   

Undisbursed commercial and personal lines of credit

      19,484         17,413   

Undisbursed portion of construction loans in process

      7,142         4,306   

Undisbursed portion of home equity lines of credit

      20,980         18,086   
  

 

 

     

 

 

  

Total commitments to extend credit

    $ 57,745       $ 55,980