Annual report pursuant to Section 13 and 15(d)

BANK PREMISES AND EQUIPMENT (Tables)

v2.4.1.9
BANK PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2014
BANK PREMISES AND EQUIPMENT [Abstract]  
Summary of Bank Premises and Equipment

Bank premises and equipment as of December 31, 2014 and 2013 are as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

2014

 

2013

Land

$

31,072 

 

$

23,652 

Land improvements and buildings

 

98,259 

 

 

62,329 

Leasehold improvements

 

7,950 

 

 

5,313 

Furniture and equipment

 

47,350 

 

 

36,133 

Equipment lease

 

 -

 

 

62 

Construction in progress

 

9,385 

 

 

9,323 

Total

 

194,016 

 

 

136,812 

Less accumulated depreciation and amortization

 

58,769 

 

 

53,997 

Bank premises and equipment, net

$

135,247 

 

$

82,815 

 

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, 2014 are as follows for the years ending (dollars in thousands):

 

 

 

 

 

2015

$

7,711 

2016

 

6,962 

2017

 

6,659 

2018

 

6,142 

2019

 

5,324 

 Thereafter

 

12,528 

Total of future payments

$

45,326