Capital Lease And Operating Lease Obligations

12 Months Ended

Dec. 31, 2013

Capital Lease And Operating Lease Obligations [Abstract]

Capital Lease And Operating Lease Obligations

(8)  CAPITAL LEASE AND OPERATING LEASE OBLIGATIONS

Included in other borrowings is a long-term capital lease agreement, which relates to DNB’s West Goshen branch. As of December 31, 2013 the lease has a carrying amount of $274,000 net of accumulated depreciation of $476,000, and is included in the balance of office properties and equipment in the accompanying statements of financial condition. The following is a schedule of the future minimum capital lease payments, together with the present value of the net minimum lease payments, as of December 31, 2013:

	Year ended
(Dollars in thousands)	December 31
2014	$	106
2015		106
2016		107
2017		107
2018		106
Thereafter		389
Total minimum lease payments		921
Less amount representing interest		(381)
Present value of net minimum lease payments	$	540

The following is a schedule of the future minimum non-callable operating lease payments as of December 31, 2013.

	Year ended
(Dollars in thousands)	December 31
2014	$	648
2015		587
2016		526
2017		511
2018		511
Thereafter		1,909
Total minimum lease payments	$	4,692