Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

5	Premises and Equipment

A summary of premises and equipment is as follows:


	December 31,
	2013			2012
	(In thousands)
Land	$	1,085		$	2,589
Buildings		15,175			23,550
Leasehold improvements		10,571			11,774
Furniture, fixtures and equipment		21,562			20,872
Automobiles		818			800

Total		49,211			59,584
Less: accumulated depreciation and amortization		(34,108	)		(35,589	)

Premises and equipment, net	$	15,103		$	23,996

During 2013, the Company sold three of its properties, all of which were locations of bank branches. Two of the branches were closed and the third continued to lease the branch space from the new owner. The total book value of the properties at the time of the sales was $6,270. Net proceeds from the sales totaled $6,411. In addition, during 2013, the Company recorded an impairment charge of $975 related to leasehold improvements of other closed branches.

Depreciation and amortization expense totaled $3,385, $3,926 and $3,968 in 2013, 2012 and 2011, respectively.

- 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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