Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions (Tables)

6 Months Ended

Jun. 30, 2012

Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions

Schedule of derivatives not designated as hedging instruments

The following table presents derivatives not designated as hedging instruments as of June 30, 2012:

			Asset Derivatives			Liability Derivatives
	Notional or Contractual Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swap contracts net of credit valuation	$	115,728	Other Assets	$	2,537	Other Liabilities	$	2,606
Commitments1	259,944		Other Assets	910		N/A	-
Forward contracts2	40,500		N/A	-		Other Liabilities	16
Total				$	3,447		$	2,622

1Includes unused loan commitments, interest rate lock commitments, forward rate lock, and mortgage-backed securities commitments.

2Includes forward MBS contracts and forward loan contracts.

The following table presents derivatives not designated as hedging instruments as of December 31, 2011:

			Asset Derivatives			Liability Derivatives
	Notional or Contractual Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate swap contracts net of credit valuation	$	117,756	Other Assets	$	3,072	Other Liabilities	$	3,152
Commitments1	237,970		Other Assets	107		N/A	-
Forward contracts2	26,000		N/A	-		Other Liabilities	50
Total				$	3,179		$	3,202

1Includes unused loan commitments, interest rate lock commitments and forward rate lock and mortgage-backed securities commitments.

2Includes forward MBS contracts and forward loan contracts.

Schedule of contractual commitments due to letters of credit

	June 30, 2012		December 31, 2011
Commitments to extend credit: borrowers
Financial standby letters of credit	$	3,382	$	2,837
Performance standby letters of credit	6,231		8,554
Commercial letters of credit	51		375
Total letters of credit: borrowers	9,664		11,766
Commitments to extend credit: other
Financial standby letters of credit	550		550
Performance standby letters of credit	1,212		2,324
Commercial letters of credit	-		-
Total letters of credit: other	1,762		2,874
Total letters of credit
Financial standby letters of credit	3,932		3,387
Performance standby letters of credit	7,443		10,878
Commercial letters of credit	51		375
Total letters of credit	$	11,426	$	14,640