Premises and Equipment

12 Months Ended

Dec. 31, 2014

6. Premises and Equipment

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

(in thousands)	2014		2013
Land and Buildings	$	33,527	$	33,354
Furniture, Fixtures, and Equipment		20,244		16,770
Leasehold Improvements		1,763		2,060
Subtotal		55,534		52,184
Less: Accumulated Depreciation and Amortization		29,713		29,297
Total	$	25,821	$	22,887

Depreciation and amortization on premises and equipment included in occupancy and equipment expense amounted to $1,325,000, $1,506,000, and $1,704,000 for the years ended December 31, 2014, 2013, and 2012, respectively. Total rental expense for premises was $530,000, $411,000, and $391,000 for the years ended December 31, 2014, 2013, and 2012, respectively. Rental income was $81,000, $102,000, and $148,000 for the years ended December 31, 2014, 2013, and 2012, 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.

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