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Premises and Equipment
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Premises and Equipment

Note (6)—Premises and equipment:

Premises and equipment and related accumulated depreciation as of December 31, 2016 and 2015, are as follows:

 

 

 

 

2016

 

 

2015

 

Land

 

 

$

18,698

 

 

$

19,253

 

Premises

 

 

 

44,301

 

 

 

43,419

 

Furniture and fixtures

 

 

 

21,700

 

 

 

20,421

 

Leasehold improvements

 

 

 

10,515

 

 

 

8,276

 

Equipment

 

 

 

11,583

 

 

 

9,851

 

Construction in process

 

 

 

867

 

 

 

3,120

 

 

 

 

 

107,664

 

 

 

104,340

 

Less: accumulated depreciation

 

 

 

(41,013

)

 

 

(38,448

)

Total Premises and Equipment

 

 

$

66,651

 

 

$

65,892

 

 

Depreciation expense was $3,995, $3,283 and $3,099 for the years ended December 31, 2016, 2015 and 2014, respectively. Additionally, as of December 31, 2016 and 2015 the Company had accrued $0 and $586, respectively, related to a contractual obligation for construction costs.