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Contingent Liabilities and Commitments with Off-Balance Sheet Risk (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Summary of Financial Instruments with Off-Balance-Sheet Risk
Unfunded limited partner equity commitments at December 31, 2015 totaled $2,911,000 that the Company has committed to small business investment companies under the SBIC Act to be used to provide capital to small businesses.
  
 
 
December 31
 
 
 
2015
 
2014
 
 
 
(In thousands)
 
Contract or Notional Amount
 
 
 
 
 
 
 
Financial instruments whose contract amounts represent credit risk:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commitments to extend credit
 
$
343,245
 
$
238,130
 
 
 
 
 
 
 
 
 
Standby letters of credit and financial guarantees written:
 
 
 
 
 
 
 
Secured
 
 
9,593
 
 
2,685
 
Unsecured
 
 
93
 
 
200
 
 
 
 
 
 
 
 
 
Unfunded limited partner equity commitment
 
 
2,911
 
 
3,715
 
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)
 
 
 
 
 
 
2015
 
$
10,380
 
2016
 
 
6,228
 
2017
 
 
2,076