NOTE 9 - FIXED ASSETS

A summary of fixed assets at December 31, 2013 and 2012, is as follows:



	December 31,
(in thousands)	2013		2012
Land	$	3,103	$	3,263
Buildings and leasehold improvements	22,529		24,796
Furniture, fixtures and equipment	11,950		13,780
Capitalized software	1,375		1,100
	38,957		42,939
Less accumulated depreciation and amortization	20,777		21,818
Total fixed assets	$	18,180	$	21,121

Depreciation and amortization of fixed assets included in noninterest expense amounted to $2.8 million, $2.5 million, and $2.7 million in 2013, 2012, and 2011, respectively.

The Company has facilities leased under agreements that expire in various years through 2028. The Company's rent expense totaled $3.0 million, $3.1 million, and $3.0 million in 2013, 2012, and 2011, respectively. Sublease rental income was $162,000, $163,000, and $150,000 for 2013, 2012, and 2011, respectively. For leases which renew or are subject to periodic rental adjustments, the monthly rental payments will be adjusted based on current market conditions and rates of inflation.

The future aggregate minimum rental commitments (in thousands) required under the leases are shown below:



Year	Amount
2014	$	2,569
2015	2,316
2016	2,465
2017	2,070
2018	1,870
Thereafter	6,767
Total	$	18,057