Bank Premises and Equipment

12 Months Ended

Dec. 31, 2012

4.	BANK PREMISES AND EQUIPMENT:

The following is a summary of bank premises and equipment (in thousands):


	Useful Life	December 31,
		2012			2011

Land	—	$	19,024		$	17,542

Buildings	20 to 40 years		81,988			76,822

Furniture and equipment	3 to 10 years		47,921			42,844

Leasehold improvements	Lesser of lease term or 5 to 15 years		4,137			3,991


			153,070			141,199
Less- accumulated depreciation and amortization			(68,948	)		(64,716	)


		$	84,122		$	76,483

Depreciation expense for the years ended December 31, 2012, 2011 and 2010 amounted to $6,492,000, $5,875,000, and $5,604,000, respectively and is included in the captions net occupancy expense and equipment expense in the accompanying consolidated statements of earnings.

The Company is lessor for portions of its banking premises. Total rental income for all leases included in net occupancy expense is approximately $1,703,000, $1,646,000 and $1,687,000, for the years ended December 31, 2012, 2011, and 2010, respectively.

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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