COMMITMENTS AND CONTINGENT LIABILITIES

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

12. COMMITMENTS AND CONTINGENT LIABILITIES

     The Company leases land and office space under 48 leases, of which 45 are long-term operating leases that expire between 2012 and 2024. At the end of most of the respective lease terms, Bancorp has the option to renew the leases at fair market value. At December 31, 2011, minimum future lease payments under these leases and other operating leases were:

(Dollars in thousands)	Minimum Future
Year	Lease Payments
2012	$	4,134
2013		4,031
2014		3,779
2015		3,149
2016		2,615
Thereafter		8,027
Total	$	25,735

Rental expense for all operating leases was $4.5 million, $4.2 million, and $4.2 million for the years ended December 31, 2011, 2010, and 2009, respectively.

Bancorp is periodically party to litigation arising in the ordinary course of business. Based on information currently known to management, although there are uncertainties inherent in litigation, we do not believe there is any legal action to which Bancorp or any of its subsidiaries is a party that, individually or in the aggregate, will have a materially adverse effect on Bancorp’s financial condition and results of operations, cash flows, or liquidity.