Premises And Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

The major categories of premises and equipment and accumulated depreciation are summarized as follows:



December 31 (In thousands)	2012			2011
Land	$	17,354		$	18,151
Buildings	69,091			69,690
Equipment, furniture and fixtures	61,679			59,037
Leasehold improvements	4,009			4,283
Total	$	152,133		$	151,161
Less accumulated depreciation	(98,382		)	(97,420		)
Premises and Equipment, Net	$	53,751		$	53,741

Depreciation expense amounted to $7.0 million, $7.6 million and $7.1 million for the years ended December 31, 2012, 2011 and 2010, respectively.

The Corporation leases certain premises and equipment accounted for as operating leases. The following is a schedule of the future minimum rental payments required for the next five years under such leases with initial terms in excess of one year:



(In thousands)
2013	$	1,394
2014	1,079
2015	845
2016	536
2017	390
Thereafter	678
Total	$	4,922

Rent expense for Park was $1.9 million, $2.4 million and $2.6 million, for the years ended December 31, 2012, 2011 and 2010,

- 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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