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Contingent Liabilities and Commitments with Off-Balance Sheet Risk (Tables)
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Summary of Financial Instruments with Off-Balance-Sheet Risk
 
 
 
December 31
 
 
 
2014
 
2013
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
Contract or Notional Amount
 
 
 
 
 
 
 
Financial instruments whose contract amounts represent credit risk:
 
 
 
 
 
 
 
Commitments to extend credit
 
$
238,130
 
$
135,056
 
 
 
 
 
 
 
 
 
Standby letters of credit and financial guarantees written:
 
 
 
 
 
 
 
Secured
 
 
2,685
 
 
2,722
 
Unsecured
 
 
200
 
 
8
 
 
 
 
 
 
 
 
 
Unfunded limited partner equity commitment
 
 
3,715
 
 
3,746
 
Summary of Minimum Future Contractual Obligation Under Renewal of Contract
The Company’s subsidiary bank renewed its contract for outsourced data services on December 31, 2012 for a period of five years and six months which requires a minimum payment for early termination without cause as follows:
 
Year Ended
 
(In thousands)
 
2014
 
$
11,821
 
2015
 
 
8,444
 
2016
 
 
5,066