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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]  
Summary of Remaining Future Minimum Lease Payments

The following is a summary of remaining future minimum lease payments under current non-cancelable operating leases for office facilities:

 

 

(Amounts in thousands)

 

Years ending:

 

 

 

December 31, 2016

$

236

 

December 31, 2017

 

133

 

December 31, 2018

 

79

 

December 31, 2019

 

46

 

December 31, 2020

 

46

 

Later years

 

4

 

Total

$

544

 

 

Summary of Contractual Commitments

The following is a summary of such contractual commitments:

 

 

(Amounts in thousands)

 

 

December 31,

 

 

2015

 

 

2014

 

Commitments to extend credit:

 

 

 

 

 

 

 

Fixed rate

$

13,311

 

 

$

13,825

 

Variable rate

 

45,929

 

 

 

49,897

 

Standby letters of credit

 

3,508

 

 

 

608

 

 

Summary of Overdraft Protection

The following table is a summary of overdraft protection for the periods indicated:

 

 

(Amounts in thousands)

 

 

December 31,

 

 

2015

 

 

2014

 

Overdraft protection available on depositors' accounts

$

9,598

 

 

$

9,632

 

Balance of overdrafts included in loans

 

80

 

 

 

108

 

Average daily balance of overdrafts

 

99

 

 

 

117

 

Average daily balance of overdrafts as a percentage of available

 

1.03

%

 

 

1.21

%

 

Summary of Information Regarding Derivatives

Summary information regarding these derivatives is presented below:

 

 

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

Fair Value

 

 

 

 

 

 

 

 

 

December 31,

 

 

Notional Amount

 

 

Interest Rate Paid

 

Interest Rate Received

 

2015

 

 

2014

 

Customer interest rate swap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturing in 2020

$

2,680

 

 

BBA 1 Mo. + Margin

 

Fixed

 

$

35

 

 

$

 

Maturing in 2025

 

5,921

 

 

1 Mo. Libor + Margin

 

Fixed

 

 

136

 

 

 

 

Total

$

8,601

 

 

 

 

 

 

$

171

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third party interest rate swap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturing in 2020

$

2,680

 

 

Fixed

 

BBA 1 Mo. + Margin

 

$

(35

)

 

$

 

Maturing in 2025

 

5,921

 

 

Fixed

 

1 Mo. Libor + Margin

 

 

(136

)

 

 

 

Total

$

8,601

 

 

 

 

 

 

$

(171

)

 

$

 

 

Schedule of Fair Values of Derivative Instruments

The following table presents the fair values of derivative instruments in the balance sheet.

 

 

(Amounts in thousands)

 

 

Assets

 

 

Liabilities

 

 

Balance Sheet

Location

 

Fair Value

 

 

Balance Sheet

Location

 

Fair Value

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

Interest rate derivatives

Other assets

 

$

171

 

 

Other liabilities

 

$

171