Annual report pursuant to Section 13 and 15(d)

Off-Balance Sheet Commitments (Tables)

v3.6.0.2
Off-Balance Sheet Commitments (Tables)
12 Months Ended
Dec. 31, 2016
Risks and Uncertainties [Abstract]  
Distribution of Undisbursed Loan Commitments
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
 
December 31, 2016
 
December 31, 2015
 
(In thousands)
Commitments to extend credit
$
310,987

 
$
262,680

Standby letters of credit
15,669

 
6,839

Commercial letters of credit
4,215

 
4,018

Total undisbursed loan commitments
$
330,871

 
$
273,537

Summary of Valuation Allowance
Activity in the allowance for off-balance sheet items was as follows for the periods indicated:
 
As of and for the
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In thousands)
Allowance for off-balance sheet items:
 
 
 
 
 
Balance at beginning of period
$
986

 
$
1,366

 
$
1,248

Provision (negative provision) charged to operating expense
198

 
(380
)
 
$
118

Balance at end of period
$
1,184

 
$
986

 
$
1,366