Bank Premises and Equipment and Leases

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

Bank Premises and Equipment and Leases

NOTE G—BANK PREMISES AND EQUIPMENT AND LEASES

Bank premises and equipment are summarized as follows:

	December 31
(In thousands)	2013		2012
Land	$	23,018	$	23,166
Buildings and improvements		83,144		80,997
Leasehold improvements		22,092		20,906
Furniture, fixtures and equipment		49,697		46,843
		177,951		171,912
Less allowance for depreciation and amortization		108,054		99,742
Net bank premises and equipment	$	69,897	$	72,170

Depreciation expense was $7,912,000, $7,790,000, and $6,966,000 for years ending December 31, 2013, 2012 and 2011, respectively, while amortization expense was $103,000 in each of these respective periods.

United and certain banking subsidiaries have entered into various noncancelable-operating leases. These noncancelable operating leases are subject to renewal options under various terms and some leases provide for periodic rate adjustments based on cost-of-living index changes. Rent expense for noncancelable operating leases approximated $8,969,000, $9,427,000 and $8,740,000 for the years ended December 31, 2013, 2012 and 2011, respectively. United Bank (WV) leases three of its offices from companies that are beneficially owned by two former United directors. Rent expense incurred on these facilities was $999,000, $1,755,000, and $1,044,000 for the years ended December 31, 2013, 2012, and 2011, respectively.

Future minimum lease payments, by year and in the aggregate, under noncancelable operating leases with initial or remaining terms of one year or more, for years subsequent to December 31, 2013, consisted of the following:

Year	Amount
(In thousands)
2014	$	8,181
2015		6,903
2016		6,030
2017		5,606
2018		5,644
Thereafter		11,292
Total minimum lease payments	$	43,656