Premises And Equipment, Net

12 Months Ended

Sep. 30, 2014

Property, Plant and Equipment, Net [Abstract]

5. PREMISES AND EQUIPMENT, Net

A summary of the net carrying value of premises and equipment at September 30, 2014 and 2013 was as follows:



	2014		2013
	(Dollars in thousands)
Land	$	11,041	$	11,029
Building and improvements	76,029		73,199
Furniture, fixtures and equipment	41,365		43,268
	128,435		127,496
Less accumulated depreciation	57,905		57,384
	$	70,530	$	70,112

The Bank has entered into non-cancelable operating lease agreements with respect to banking premises and equipment. It is expected that many agreements will be renewed at expiration in the normal course of business. Rental expense was $1.1 million, $1.2 million, and $1.3 million for the years ended September 30, 2014, 2013, and 2012, respectively.

As of September 30, 2014, future minimum rental commitments, rounded to the nearest thousand, required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year were as follows:



2015	$	995
2016	888
2017	814
2018	813
2019	718
Thereafter	3,761
	$	7,989

- 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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