Note 7 - Premises, Furniture, and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

7.	PREMISES, FURNITURE, AND EQUIPMENT

The following table summarizes the Company’s premises, furniture, and equipment by category.

Premises, Furniture, and Equipment

(Dollar amounts in thousands)

	December 31,
	2011			2010
Land	$	50,895		$	48,506
Premises		147,065			158,889
Furniture and equipment		72,279			76,734
Total cost		270,239			284,129
Accumulated depreciation		(143,195	)		(143,222	)
Net book value of premises, furniture, and equipment held-for-investment		127,044			140,907
Assets held-for-sale		7,933			-
Total premises, furniture, and equipment	$	134,977		$	140,907

	Years Ended December 31,
	2011		2010		2009
Depreciation expense on premises, furniture, and equipment	$	10,995	$	11,397	$	10,917

Operating Leases

As of December 31, 2011, the Company was obligated under certain non-cancelable operating leases for premises and equipment, which expire at various dates through the year 2024. Many of these leases contain renewal options, and certain leases provide options to purchase the leased property during or at the expiration of the lease period at specific prices. Some leases contain escalation clauses calling for rentals to be adjusted for increased real estate taxes and other operating expenses, or proportionately adjusted for increases in consumer or other price indices. The following summary reflects the future minimum rental payments by year required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2011.

Operating Leases

(Dollar amounts in thousands)

	Total
Year ending December 31,
2012	$	3,627
2013		3,858
2014		2,441
2015		2,214
2016		2,184
2017 and thereafter		5,552
Total minimum lease payments	$	19,876

	Years Ended December 31,
	2011		2010		2009
Rental expense charged to operations (1)	$	4,193	$	3,244	$	3,314
Rental income from premises leased to others (2)	$	1,136	$	1,144	$	533

(1)	Includes amounts paid under short-term cancelable leases.
(2)	Included as a reduction to occupancy expense in the Consolidated Statements of Income.

- 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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