Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Premises and equipment are described as follows:



	Estimated Useful Life	2013		2012
	(dollars in thousands)
Land	Indefinite	$	12,431	$	12,503
Buildings and improvements	10-50 years	81,829		81,328
Leasehold improvements	5-40 years	14,354		14,617
Furniture and equipment	3-10 years	80,131		79,181
Software	3-10 years	46,133		40,199
Subtotal		234,878		227,828
Less accumulated depreciation and amortization		166,938		158,858
Total premises and equipment		$	67,940	$	68,970

Schedule of Future Minimum Rentals

First Commonwealth leases various premises and assorted equipment under non-cancellable agreements. Total future minimal rental commitments at December 31, 2013, were as follows:



	Premises		Equipment
	(dollars in thousands)
2014	$	3,327	$	82
2015	3,113		2
2016	2,904		—
2017	2,653		—
2018	2,514		—
Thereafter	14,916		—
Total	$	29,427	$	84

- 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.

+ References+ Details