PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

(In thousands)	2012(2)			2011(1)			Estimated Useful Life

Land	$	10,377		$	8,349		N/A
Buildings and improvements	71,402			52,762			5 - 39 years
Furniture and equipment	20,955			30,886			3 - 7 years
Construction in process	2,590			2,375
Premises and equipment, gross	105,324			94,372
Accumulated depreciation and amortization	(18,863		)	(33,543		)

Premises and equipment, net	$	86,461		$	60,829

(1) Amounts include balances associated with discontinued operations

(2)As part of a core system conversion certain fully depreciated assets were removed from our asset management system reducing gross premises and equipment and accumulated depreciation and amortization by approximately $20 million.

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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