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Letter of Credit
6 Months Ended
Jun. 30, 2011
Letter of Credit [Abstract]  
LETTERS OF CREDIT
NOTE H: LETTERS OF CREDIT
During the first quarter of 2010, the Company’s banking subsidiary reduced by $33.0 million the letters of credit issued by the Federal Home Loan Bank (“FHLB”) used to satisfy a pledging requirement. Letters of credit outstanding with the FHLB were further reduced by $43.0 million during the second quarter of 2011. No letters are outstanding at June 30, 2011. The letters of credit had a term of one year with an annual fee equivalent to 5 basis points, amortized over the one year term of the letters. There was no interest cost associated with the letters of credit.