Premises And Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

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



December 31 (In thousands)	2014			2013
Land	$	17,836		$	17,657
Buildings	71,002			70,183
Equipment, furniture and fixtures	42,139			36,937
Leasehold improvements	3,439			3,903
Total	$	134,416		$	128,680
Less accumulated depreciation	(78,937		)	(73,402		)
Premises and equipment, net	$	55,479		$	55,278

Depreciation expense amounted to $7.2 million, $7.3 million and $7.0 million for the years ended December 31, 2014, 2013 and 2012, 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)
2015	1,143
2016	755
2017	559
2018	448
2019	367
Thereafter	252
Total	$	3,524

Rent expense for Park was $1.7 million, $1.8 million and $1.9 million, for the years ended December 31, 2014, 2013 and 2012, 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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