Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

NOTE 6. PREMISES AND EQUIPMENT

Premises and equipment are summarized as follows:


	December 31,
	2013			2012
	(Dollars in Thousands)
Land	$	36,481		$	25,489
Buildings		69,461			55,115
Furniture and equipment		32,705			31,250
Construction in progress		2,415			816

		141,062			112,670
Accumulated depreciation		(37,874	)		(36,687	)

	$	103,188		$	75,983

Estimated costs to complete construction projects in progress were less than $1 million at December 31, 2013 and 2012. Depreciation expense was approximately $4.8 million, $5.3 million and $4.5 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Leases

The Company has various operating leases with unrelated parties on 12 banking offices and eight mortgage offices. Generally, these leases are on smaller locations with initial lease terms under ten years with up to two renewal options.

Rental expense amounted to approximately $1,777,000, $1,708,000 and $1,697,000 for the years ended December 31, 2013, 2012 and 2011, respectively. Future minimum lease commitments under the Company’s operating leases, excluding any renewal options, are summarized as follows:


2014	$	1,677,778
2015		1,333,899
2016		966,648
2017		716,380
2018		402,735
Thereafter		296,980

	$	5,394,420

- 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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