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Financial Instruments with Off-Balance Sheet Risk (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Financial Instruments With Off Balance Sheet Risk [Abstract]    
Financial Instruments with Off-Balance Sheet Risk

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

 

 

 

March 31,

 

December 31,

 

 

 

2013

 

2012

 

 

 

(In Thousands)

 

Financial instruments whose contract amounts represent potential credit risk:

 

 

 

 

 

Commitments to extend credit under amortizing loans (1)

 

$

23,101

 

20,836

 

Commitments to extend credit under home equity lines of credit

 

16,814

 

17,628

 

Unused portion of construction loans

 

5,770

 

5,502

 

Unused portion of business lines of credit

 

10,988

 

10,967

 

Standby letters of credit

 

1,159

 

736

 

 (1) Excludes commitments to originate loans held for sale.

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

 

 

 

December 31,

 

 

 

2012

 

2011

 

 

 

(In Thousands)

 

Financial instruments whose contract amounts represent potential credit risk:

 

 

 

 

 

Commitments to extend credit under first mortgage loans

 

$

20,836

 

14,259

 

Commitments to extend credit under home equity lines of credit

 

17,628

 

21,403

 

Unused portion of construction loans

 

5,502

 

5,684

 

Unused portion of business lines of credit

 

10,967

 

10,347

 

Standby letters of credit

 

736

 

970