COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2012

COMMITMENTS AND CONTINGENT LIABILITIES [Abstract]

Financial instruments with off-balance sheet risk

A summary of financial instruments with off-balance sheet risk at December 31 follows:

	2012		2011
	(In thousands)
Financial instruments whose risk is represented by contract amounts
Commitments to extend credit	$	144,890	$	139,183
Standby letters of credit		4,568		11,188

Analysis of vehicle service contract counterparty receivable

An analysis of our vehicle service contract counterparty receivable, net follows:

	2012			2011			2010
	(In thousands)
Balance at beginning of year, net of reserve	$	29,298		$	37,270		$	5,419
Transfers in from payment plan receivables		1,469			8,874			77,457
Reserves established and charge-offs recorded to expense		(1,629	)		(11,048	)		(18,633	)
Transferred to (from) contingency reserves		(108	)		(1,015	)		(11,110	)
Cash received		(7,413	)		(1,613	)		(15,863	)
Collateral received (other real estate and repossessed assets) in partial satisfaction of debt		(3,168	)		(3,170	)		-
Balance at end of year, net of reserve	$	18,449		$	29,298		$	37,270
Reserve at end of year	$	2,000		$	32,450		$	24,600

Analysis of vehicle service contract counterparty reserve

An analysis of our vehicle service contract counterparty reserve follows:

	2012			2011			2010
	(In thousands)
Balance at beginning of year	$	32,570		$	25,735		$	22,100
Additions charged to expense		1,629			11,048			18,633
Charge-offs		(32,187	)		(4,213	)		(14,998	)
Balance at end of year	$	2,012		$	32,570		$	25,735
Reserves recorded in VSC counterparty receivables, net	$	2,000		$	32,450		$	24,600
Reserves recorded in other liabilities		12			120			1,135
Total at end of year	$	2,012		$	32,570		$	25,735