Premises And Equipment, Net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Premises and Equipment, Net

At December 31, 2014 and 2013, premises and equipment, less accumulated depreciation and amortization, consists of the following (in thousands):



	December 31,
	2014			2013
At cost:
Land	$	2,026		$	2,026
Buildings and improvements	6,691			6,647
Capital leases	2,600			2,600
Furniture, fixtures, and equipment	19,658			18,969
Leasehold improvements	26,202			26,126
	57,177			56,368
Accumulated depreciation and amortization	(30,951		)	(27,311		)
Premises and equipment, net	$	26,226		$	29,057

Depreciation expense for the years ended December 31, 2014, 2013, and 2012, was $3.6 million, $3.6 million, and $2.8 million, respectively.

There were no sales of premises and equipment in 2014 or 2012. The Company realized a gain of $397,000 from the sale of vacant land adjacent to a branch in 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details