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PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2016
PREMISES AND EQUIPMENT  
Schedule of the components of premises and equipment

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Estimated

 

 

 

 

 

 

 

 

 

Useful Lives

 

(In thousands)

 

2016

 

2015

 

(In years)

 

Land

 

$

332

 

$

332

 

N/A

 

Bank premises

 

 

6,799

 

 

6,812

 

39

 

Leasehold improvements

 

 

10,394

 

 

10,789

 

5 – 20

 

Furniture, equipment, and software

 

 

20,122

 

 

21,040

 

3 – 7

 

Total gross fixed assets

 

 

37,647

 

 

38,973

 

 

 

Less: accumulated depreciation and amortization

 

 

24,569

 

 

23,943

 

 

 

Total net fixed assets

 

$

13,078

 

$

15,030

 

 

 

 

Schedule of minimum lease payments

 

 

 

 

 

(In thousands)

    

Amount

 

2017

 

$

1,356

 

2018

 

 

1,673

 

2019

 

 

1,352

 

2020

 

 

1,246

 

2021

 

 

677

 

Thereafter

 

 

3,002

 

Total

 

$

9,306