Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT (Tables)

v3.3.1.900
PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2015
PREMISES AND EQUIPMENT [Abstract]  
Summary of Bank Premises and Equipment

The Company’s premises and equipment as of December 31, 2015 and 2014 are as follows (dollars in thousands):

 

 

 

 

 

 

 

 

2015

 

2014

Land

$

29,839 

 

$

31,072 

Land improvements and buildings

 

96,943 

 

 

98,259 

Leasehold improvements

 

8,313 

 

 

7,950 

Furniture and equipment

 

49,914 

 

 

47,350 

Construction in progress

 

9,030 

 

 

9,385 

Total

 

194,039 

 

 

194,016 

Less accumulated depreciation and amortization

 

68,011 

 

 

58,769 

Bank premises and equipment, net

$

126,028 

 

$

135,247 

 

 

Schedule of Future Minimum Rental Payments Required

Future minimum rental payments required under non-cancelable operating leases for premises that have initial or remaining terms in excess of one year as of December 31, 2015 are as follows for the years ending (dollars in thousands):

 

 

 

 

 

2016

$

7,091 

2017

 

6,715 

2018

 

6,454 

2019

 

5,703 

2020

 

4,471 

 Thereafter

 

10,887 

Total of future payments

$

41,321