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COMMITMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES
NOTE 18
–
COMMITMENTS,
OFF‑BALANCE SHEET RISKS AND CONTINGENCIES
 
During the normal course of business, the Company becomes a party to financial instruments with off-balance sheet risk in order to meet the financing needs of its customers. These financial instruments include commitments to make loans and open-ended revolving lines of credit. Amounts as of the years ended December 31, 2018 and 2017, were as follows:
 
 
2018
 
2017
 
Fixed
 
Variable
 
Fixed
 
Variable
(dollars in thousands)
Rate
 
Rate
 
Rate
 
Rate
Commercial loan lines of credit
$63,625
 
$1,337,437
 
$53,998
 
$1,155,096
Commercial letters of credit
0
 
3,245
 
0
 
50
Standby letters of credit
0
 
81,512
 
0
 
71,046
Real estate mortgage loans
2,811
 
2,881
 
4,973
 
5,722
Real estate construction mortgage loans
400
 
2,189
 
2,365
 
6,042
Home equity mortgage open-ended revolving lines
0
 
232,362
 
0
 
212,776
Consumer loan open-ended revolving lines
215
 
14,468
 
249
 
11,892
  Total  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$67,051
 
$1,674,094
 
$61,585
 
$1,462,624
 
The index on variable rate commercial loan commitments is principally the national prime rate. Interest rate ranges on commitments and open-ended revolving lines of credit for years ended December 31, 2018 and 2017, were as follows:
  
 
2018
 
2017
 
 
Fixed
 
Variable
 
Fixed
 
Variable
 
 
Rate
 
Rate
 
Rate
 
Rate
 
Commercial loan
0.75-14.50
%
2.65-10.00
%
2.00-14.50
%
2.48-9.50
%
Real estate mortgage loan
3.75-6.13
%
3.75-11.00
%
3.25-4.50
%
3.50-5.75
%
Consumer loan open-ended revolving line
15.00
%
3.88-15.00
%
15.00
%
4.00-15.00
%
 
Commitments, excluding open-ended revolving lines, generally have fixed expiration dates of one year or less. Open-ended revolving lines are monitored for proper performance and compliance on a monthly basis. Since many commitments expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Company follows the same credit policy (including requiring collateral, if deemed appropriate) to make such commitments as it follows for those loans that are recorded in its financial statements.
 
The Company’s exposure to credit losses in the event of nonperformance is represented by the contractual amount of the commitments. Management does not expect any significant losses as a result of these commitments.