Premises And Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

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



December 31 (In thousands)	2013			2012
Land	$	17,657		$	17,354
Buildings	70,183			69,091
Equipment, furniture and fixtures	36,937			61,679
Leasehold improvements	3,903			4,009
Total	$	128,680		$	152,133
Less accumulated depreciation	(73,402		)	(98,382		)
Premises and equipment, net	$	55,278		$	53,751

Depreciation expense amounted to $7.3 million, $7.0 million and $7.6 million for the years ended December 31, 2013, 2012 and 2011, 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)
2014	1,351
2015	945
2016	628
2017	475
2018	744
Thereafter	605
Total	$	4,748

Rent expense for Park was $1.8 million, $1.9 million and $2.4 million, for the years ended December 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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