PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

NOTE 8 — PREMISES AND EQUIPMENT

December 31	2012			2011


Land	$	14,090		$	13,422
Buildings		48,640			45,996
Furniture and equipment		34,835			36,543

Total cost		97,565			95,961
Accumulated depreciation		(43,464	)		(45,309	)

Net	$	54,101		$	50,652

Depreciation expense was $5,440, $5,074, and $5,276 in 2012, 2011 and 2010.

Operating Leases: The Company leases certain branch properties under operating leases. Rent expense was $1,126, $933, and $940 for 2012, 2011, and 2010. Rent commitments, before considering renewal options that generally are present, were as follows:


2013	$	1,026
2014		945
2015		798
2016		573
2017		406
Thereafter		1,639

Total	$	5,387

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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