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PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2013
PREMISES AND EQUIPMENT  
PREMISES AND EQUIPMENT

NOTE 8 — PREMISES AND EQUIPMENT

December 31
   2013
   2012
  
   

Land

   $ 14,445   $ 14,090  

Buildings

     50,638     48,640  

Furniture and equipment

     35,727     34,835  
       
​ ​ ​ ​ ​ ​ ​ ​

Total cost

     100,810     97,565  

Accumulated depreciation

     (44,853 )   (43,464 )
       
​ ​ ​ ​ ​ ​ ​ ​

Net

   $ 55,957   $ 54,101  
       
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
       

       Depreciation expense was $5,783, $5,440, and $5,074 in 2013, 2012 and 2011.

       Operating Leases: The Company leases certain branch properties under operating leases. Rent expense was $1,056, $1,126, and $933 for 2013, 2012, and 2011. Rent commitments, before considering renewal options that generally are present, were as follows:

2014

   $ 1,087  

2015

     931  

2016

     659  

2017

     445  

2018

     411  

Thereafter

     1,245  
       
​ ​ ​ ​ ​

Total

   $ 4,778  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​