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Bank Premises and Equipment
12 Months Ended
Dec. 31, 2011
Bank Premises and Equipment [Abstract]  
Bank Premises and Equipment

7.     Bank Premises and Equipment

 

                     
     December 31,
     2011     2010    

Estimated Useful Life

    (Dollars in thousands)

Land

  $ 3,478     $ 3,478    

Bank premises

    18,349       18,270     30-39 years

Furniture and equipment

    28,874       27,472     3-10 years

Leasehold improvements

    8,079       6,869     30-39 years or lease term
   

 

 

   

 

 

   

 

      58,780       56,089      

Accumulated depreciation and amortization

    (37,023     (34,861    
   

 

 

   

 

 

     

Total

  $ 21,757     $ 21,228      
   

 

 

   

 

 

     

The Company and its subsidiaries are obligated under a number of noncancelable operating leases for premises and equipment expiring in various years through 2026. Total lease expense approximated $2,007,000, $1,730,000 and $1,673,000 for the years ended December 31, 2011, 2010 and 2009, respectively. Rental income approximated $455,000, $438,000 and $418,000 in 2011, 2010 and 2009, respectively.

Future minimum rental commitments for noncancelable operating leases with initial or remaining terms of one year or more at December 31, 2011, were as follows:

 

         

Year

  Amount  
    (Dollars in thousands)  

2012

  $ 1,890  

2013

    1,579  

2014

    1,434  

2015

    1,125  

2016

    966  

Thereafter

    2,815  
   

 

 

 
    $ 9,809