Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

Premises and equipment consisted of the following at December 31, 2012 and December 31, 2011 (in thousands):


	December 31, 2012			December 31, 2011
Land	$	29,699		$	25,186
Buildings and improvements		70,480			48,933
Equipment		30,976			15,960

Total		131,155			90,079

Less: accumulated depreciation and amortization		(9,719	)		(2,764	)

Premises and equipment, net	$	121,436		$	87,315

Summary of Future Minimum Lease Payments

Below is a summary of future minimum lease payments for the years following 2012 (in thousands):


2013	$	3,227
2014		3,167
2015		2,917
2016		2,660
2017		2,032
Thereafter		21,362

Total	$	35,365

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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