XML 42 R23.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Commitments and Contingencies | 12 Months Ended
--- | ---
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies Disclosure [Text Block] | Note 15 – Commitments and Contingencies The Bancorp is a party to financial instruments in the normal course of business to meet the financing needs of its customers. These financial instruments, which include commitments to make loans and standby letters of credit, are not reflected in the accompanying consolidated financial statements. Such financial instruments are recorded when they are funded. The Bancorp’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to originate loans and standby letters of credit is represented by the contractual amount of those instruments. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. The Bancorp uses the same credit policy to make such commitments as it uses for on-balance sheet items. Since commitments to make loans may expire without being used, the amount does not necessarily represent future cash commitments. The Bancorp had outstanding commitments to originate loans as follows:
|  | (Dollars in thousands) |
|  | Fixed |  |  | Variable |  |  |  |
|  | Rate |  |  | Rate |  |  | Total |
December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate, including home equity |  | $ | 21,638 |  |  | $ | 6,590 |  |  | $ | 28,228 |
Consumer loans |  |  | 11,796 |  |  |  | - |  |  |  | 11,796 |
Commercial real estate, construction & land development and other dwellings |  |  | 12,619 |  |  |  | 18,170 |  |  |  | 30,789 |
Commercial participations purchased |  |  | 83 |  |  |  | - |  |  |  | 83 |
Commercial business |  |  | 1,095 |  |  |  | 39,613 |  |  |  | 40,708 |
Total |  | $ | 47,231 |  |  | $ | 64,373 |  |  | $ | 111,604 |
December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate, including home equity |  | $ | 19,010 |  |  | $ | 6,052 |  |  | $ | 25,062 |
Consumer loans |  |  | 11,037 |  |  |  | - |  |  |  | 11,037 |
Commercial real estate, construction & land development and other dwellings |  |  | 8,534 |  |  |  | 6,842 |  |  |  | 15,376 |
Commercial participations purchased |  |  | 83 |  |  |  | - |  |  |  | 83 |
Commercial business |  |  | 1,258 |  |  |  | 39,920 |  |  |  | 41,178 |
Total |  | $ | 39,922 |  |  | $ | 52,814 |  |  | $ | 92,736 |
The approximately $47.2 million in fixed rate commitments outstanding at December 31, 2015 had interest rates ranging from 2.75% to 10.00%, for a period not to exceed forty-five days. At December 31, 2014, fixed rate commitments outstanding of approximately $39.9 million had interest rates ranging from 1.49% to 10.00%, for a period not to exceed forty-five days. Mortgage interest rate locks with borrowers which are included with real estate commitments, were treated as derivative transactions, and valued accordingly at year-end.

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308 + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration