Capital Lease And Operating Lease Obligations

12 Months Ended

Dec. 31, 2014

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, 2014 the lease has a carrying amount of $240,000 net of accumulated depreciation of $510,000, 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, 2014:

	Year ended
(Dollars in thousands)	December 31
2015	$	106
2016		107
2017		107
2018		106
2019		107
Thereafter		282
Total minimum lease payments		815
Less amount representing interest		(310)
Present value of net minimum lease payments	$	505

The following is a schedule of the future minimum non-cancelable operating lease payments for the Operations Center in Downingtown, and branches at Exton, West Chester, Media, and Chadds Ford as of December 31, 2014.

	Year ended
(Dollars in thousands)	December 31
2015	$	734
2016		673
2017		657
2018		657
2019		573
Thereafter		1,666
Total minimum lease payments	$	4,960