PREMISES AND EQUIPMENT	9 Months Ended
PREMISES AND EQUIPMENT	Sep. 30, 2013
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	NOTE 10 —PREMISES AND EQUIPMENT At September 30, 2013, total premises and equipment was $256.2 million with accumulated depreciation and amortization of $71.1 million and a net value of $185.1 million. At December 31, 2012, total premises and equipment was $171.7 million with accumulated depreciation and amortization of $64.2 million and a net value of $107.5 million. The net increase in premises and equipment of $77.6 million during the nine months ended September 30, 2013, was primarily due to the purchase of the Company’s corporate office located in Pasadena, California. Capitalized assets are depreciated or amortized on a straight-line basis in accordance with the estimated useful life for each fixed asset class. The estimated useful life for furniture and fixtures is seven years, office equipment is five years, and twenty-five years for buildings and improvements. Leasehold improvements are amortized over the shorter of the term of the lease or useful life.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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