Premises and Equipment

12 Months Ended

Dec. 31, 2013

6. Premises and Equipment

Premises and equipment as of December 31, consisted of the following:

(in thousands)	2013		2012
Land and Buildings	$	33,354	$	32,843
Furniture, Fixtures, and Equipment		16,770		17,024
Leasehold Improvements		2,060		2,054
Subtotal		52,184		51,921
Less: Accumulated Depreciation and Amortization		29,297		29,020
Total	$	22,887	$	22,901

Depreciation and amortization on premises and equipment included in occupancy and equipment expense amounted to $1,506,000, $1,704,000, and $1,801,000 for the years ended December 31, 2013, 2012, and 2011, respectively. Total rental expense for premises was $411,000, $391,000, and $386,000 for the years ended December 31, 2013, 2012, and 2011, respectively. Rental income was $102,000, $148,000, and $130,000 for the years ended December 31, 2013, 2012, and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details