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PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2013
PREMISES AND EQUIPMENT  
Summary of the cost and accumulated depreciation of premises and equipment

 

 

December 31, (in thousands)

 

2013

 

2012

 

 

 

 

 

 

 

Land

 

$

3,967

 

$

3,967

 

Buildings and improvements

 

28,968

 

27,074

 

Furniture, fixtures and equipment

 

35,011

 

37,460

 

Leasehold improvements

 

15,475

 

12,118

 

Construction in progress

 

173

 

106

 

 

 

 

 

 

 

Total premises and equipment

 

83,594

 

80,725

 

Less: Accumulated depreciation and amortization

 

50,686

 

47,528

 

 

 

 

 

 

 

Premises and equipment, net

 

$

32,908

 

$

33,197

 

 

Schedule of depreciation expense related to premises and equipment

 

 

December 31, (in thousands)

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Depreciation expense

 

$

5,311

 

$

5,372

 

$

5,738