Annual report pursuant to Section 13 and 15(d)

BANK PREMISES AND EQUIPMENT (Tables)

v2.4.0.8
BANK PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2013
BANK PREMISES AND EQUIPMENT [Abstract]  
Summary of Bank Premises and Equipment

Bank premises and equipment as of December 31, 2013 and 2012 are as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

2013

 

2012

Land

$

23,652 

 

$

24,493 

Land improvements and buildings

 

62,329 

 

 

62,721 

Leasehold improvements

 

5,313 

 

 

5,290 

Furniture and equipment

 

36,133 

 

 

37,707 

Equipment lease

 

62 

 

 

62 

Construction in progress

 

9,323 

 

 

6,634 

Total

 

136,812 

 

 

136,907 

Less accumulated depreciation and amortization

 

53,997 

 

 

51,498 

Bank premises and equipment, net

$

82,815 

 

$

85,409 

 

Schedule of Future Minimum Rental Payments Required

Future minimum rental payments required under non-cancelable operating leases for bank premises that have initial or remaining terms in excess of one year as of December 31, 2013 are as follows for the years ending (dollars in thousands):

 

 

 

 

 

2014

$

5,380 

2015

 

4,985 

2016

 

4,232 

2017

 

3,967 

2018

 

3,807 

 Thereafter

 

10,410 

Total of future payments

$

32,781