COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2014

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

	2014		2013
	(In thousands)
Financial instruments whose risk is represented by contract amounts
Commitments to extend credit	$	204,827	$	180,829
Standby letters of credit		2,757		4,262

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

	2014			2013			2012
	(In thousands)
Balance at beginning of year, net of reserve	$	7,716		$	18,449		$	29,298
Transfers in from payment plan receivables		180			792			1,469
Reserves established and charge-offs recorded to expense		(199	)		(4,837	)		(1,629	)
Transferred to (from) contingency reserves		(75	)		63			(108	)
Cash received		(385	)		(6,751	)		(7,413	)
Collateral received (other real estate and repossessed assets) in partial satisfaction of debt		-			-			(3,168	)
Balance at end of year, net of reserve	$	7,237		$	7,716		$	18,449
Reserve at end of year	$	1,370		$	1,300		$	2,000

An analysis of our vehicle service contract counterparty reserve follows:

	2014			2013			2012
	(In thousands)
Balance at beginning of year	$	1,375		$	2,012		$	32,570
Additions charged to expense		199			4,837			1,629
Charge-offs, net		(204	)		(5,474	)		(32,187	)
Balance at end of year	$	1,370		$	1,375		$	2,012
Reserves recorded in VSC counterparty receivables, net	$	1,370		$	1,300		$	2,000
Reserves recorded in accrued expenses and other liabilities		-			75			12
Total at end of year	$	1,370		$	1,375		$	2,012