Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Commitments and Contingent Liabilities [Abstract]

Maturity of outstanding letter of credit

The Company was contingently liable under standby letters of credit in the amount of $19 million and $20 million at December 31, 2012 and 2011, respectively. The outstanding letters of credit as of December 31, 2012 expire as follows: (in thousands)

2013	$	18,652
2014		-
2015		87
2016 and thereafter		342
	$	19,081

Minimum annual rentals, exclusive of taxes and other charges under non-cancelable operating leases

At December 31, 2012, the Company was obligated under a number of non-cancelable leases for land and buildings used for bank purposes. Minimum annual rentals, exclusive of taxes and other charges under non-cancelable operating leases, are summarized as follows: (in thousands)

	Capital		Operating
	Leases		Leases
2013	$	302	$	1,674
2014		311		1,681
2015		317		1,630
2016		329		1,282
2017		341		1,061
Thereafter		5,408		1,285
Total minimum lease payments		7,008	$	8,613
Less: amounts representing interest		2,320
Present value of minimum lease payments	$	4,688