PREMISES AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2014

PREMISES AND EQUIPMENT [Abstract]

Schedule of premises and equipment

The Company has included leases in premises and equipment as follows:

(In thousands)	2014		2013
Land and buildings	$	11,237	$	8,911
Less: accumulated depreciation		2,420		1,747
Total	$	8,817	$	7,164

(In thousands)	2014		2013
Land and land improvements	$	4,932	$	4,933
Buildings		11,984		11,931
Furniture and equipment		16,621		15,375
Leasehold improvements		10,017		7,891
Projects in progress		1,405		1,703
Capital lease asset		11,237		8,911
		56,196		50,744
Less:  accumulated depreciation		23,938		21,754
Total	$	32,258	$	28,990

Schedule of future minimum lease payments under capitalized leases

(In thousands)
2015	$	993
2016		1,007
2017		1,081
2018		1,127
2019		1,146
Thereafter		9,648
Total minimum lease payments		15,002
Less: amount representing interest		3,846
Present value of net minimum lease payments	$	11,156