Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

The following table summarizes the Corporation's premises and equipment as of December 31, 2013 and 2012:



	2013			2012
Cost at December 31:
Land	$	17,992		$	14,692
Buildings and Leasehold Improvements	92,693			62,606
Equipment	54,274			42,564
Total Cost	164,959			119,862
Accumulated Depreciation and Amortization	(90,505		)	(67,113		)
Net	$	74,454		$	52,749

On November 12, 2013, the Corporation acquired 100 percent of CFS in an all stock transaction, as discussed in NOTE 3. BUSINESS COMBINATIONS, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K. This purchase resulted in premises and equipment acquired of approximately $19,643,000.

The Corporation is committed under various non-cancelable lease contracts for certain subsidiary office facilities and equipment. Total lease expense for 2013, 2012 and 2011 was $2,608,000, $2,812,000 and $2,636,000, respectively. The future minimum rental commitments required under the operating leases in effect at December 31, 2013, expiring at various dates through the year 2028 are as follows for the years ending December 31:



	Future Minimum Rental Commitments
2014	$	2,804
2015	2,551
2016	2,067
2017	1,356
2018	749
After 2018	3,158
Total Future Minimum Obligations	$	12,685

- 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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