Premises And Equipment

12 Months Ended

Dec. 31, 2013

Note 4: Premises and Equipment

Year-end premises and equipment were as follows:



	At December 31,
(Dollars in thousands)	2013		2012
Land	$	6,057	$	6,059
Buildings and improvements		21,751		18,237
Furniture, fixtures, and equipment		27,268		30,911
Construction/remodeling in progress		1,159		129
		56,235		55,336
Accumulated depreciation and amortization		(35,402)		(33,645)
Total premises and equipment, net	$	20,833	$	21,691

Depreciation of premises and equipment totaled $2.5 million in 2013 and 2012, and $2.6 million in 2011.

We lease certain equipment and premises for our operations. Future minimum annual rental payments required under operating leases, net of sublease agreements, that have initial or remaining lease terms in excess of one year as of December 31, 2013 were as follows:


(Dollars in thousands)
2014	$	2,407
2015		2,043
2016		1,204
2017		143
2018		72
Thereafter		-
Total	$	5,869

The total rental expense was $2.6 million, $2.5 million, and $2.6 million 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.

+ References+ Details