Bank Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

4.	BANK PREMISES AND EQUIPMENT:

The following is a summary of bank premises and equipment (in thousands):


	Useful Life	December 31,
		2014			2013

Land	—	$	25,096		$	22,635

Buildings	20 to 40 years		97,013			89,907

Furniture and equipment	3 to 10 years		50,700			48,763

Leasehold improvements	Lesser of lease term or 5 to 15 years		4,687			4,802


			177,496			166,107

Less-accumulated depreciation and amortization			(74,496	)		(70,602	)


		$	103,000		$	95,505

Depreciation expense for the years ended December 31, 2014, 2013 and 2012 amounted to $7,833,000, $7,196,000 and $6,492,000, respectively, and is included in the captions net occupancy expense and equipment expense in the accompanying consolidated statements of earnings.

The Company is lessor for portions of its banking premises. Total rental income for all leases included in net occupancy expense is approximately $1,923,000, $1,862,000 and $1,703,000, 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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