Note 17 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

(17)

       

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

$1.3

million at

December

31,

2016

and

2015,

respectively.

The following is a summary of the commitments to extend credit at

December

31,

2016

and

2015:

(In thousands)	2016		2015
Loan commitments:
Fixed rate	$	4,542	$	4,007
Adjustable rate		10,661		3,854
Unused lines of credit on credit cards		5,463		4,429
Undisbursed commercial and personal lines of credit		32,125		29,359
Undisbursed portion of construction loans in process		19,037		4,869
Undisbursed portion of home equity lines of credit		33,490		26,910
Total commitments to extend credit	$	105,318	$	73,428