XML 67 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Lease Commitments
 12 Months Ended
Dec. 31, 2012
Lease Commitments [Abstract]  
Lease Commitments

Note 9 - Lease Commitments

The Company leases its banking premises under leases which the Company classifies as operating leases.  These leases expire at various dates through March 2020.  In addition to fixed rentals, the leases require the Company to pay certain additional expenses of occupying these spaces, including real estate taxes, insurance, utilities and repairs.  A portion of these leases are with related parties as described below.

 

Future minimum lea            se payments by year and in the aggregate, under all lease agreements, are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related
Parties

 

 

Third
Parties

 

 

Total

 

 

2013

$
396 

 

$
746 

 

$
1,142 

 

 

2014

$
403 

 

$
707 

 

$
1,110 

 

 

2015

$
410 

 

$
684 

 

$
1,094 

 

 

2016

$
403 

 

$
699 

 

$
1,102 

 

 

2017

$
380 

 

$
723 

 

$
1,103 

 

 

Thereafter

$

 -

 

$
1,434 

 

$
1,434 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
1,992 

 

$
4,993 

 

$
6,985 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total rent expense was $1.1 million for the years ended December 31, 2012 and 2011. Rent expense to related parties was $368 thousand and $306 thousand for the years ended December 31, 2012 and 2011, respectively.