Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

Note 16:  Commitments and Contingent Liabilities

Some financial instruments, such as loan commitments, credit lines, letters of credit and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

At year-end, these financial instruments are summarized as follows:

	2011		2010
Commitments to extend credit
Fixed rate	$	9,458	$	9,748
Variable rate		---		4,090
Unused portions of lines of credit		23,804		26,277
Letters of credit		232		663

The commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established under the contract. Generally, such commitments are for no more than 60 days. At December 31, 2011, the fixed rate loan commitments were at rates ranging from 3.25% to 7.00%. Unused portions of lines of credit include balances available on commercial and home equity loans and are variable rate.