Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

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COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Mar. 31, 2013
Commitments and Contingencies [Abstract]  
Company's off-balance sheet obligations

The Company’s maximum exposure to credit loss under standby letters of credit and commitments to extend credit is represented by the contractual amount of those instruments.  The Company uses the same credit policies in establishing commitments and issuing letters of credit as it does for on-balance sheet instruments.  The amounts associated with the Company’s off-balance sheet obligations were as follows:

 

    March 31, 2013   December 31, 2012
(Dollars in Thousands)   Fixed   Variable   Total   Fixed   Variable   Total
Commitments to Extend Credit(1)   $ 46,699     $ 242,553     $ 289,252     $ 48,618     $ 245,087     $ 293,705  
Standby Letters of Credit     11,232       —       11,232       11,249       —       11,249  
  Total   $ 57,931     $ 242,553     $ 300,484     $ 59,867     $ 245,087     $ 304,954  

 

(1) Commitments include unfunded loans, revolving lines of credit, and other unused commitments.