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Bank Premises and Equipment
12 Months Ended
Dec. 31, 2012
Bank Premises and Equipment [Abstract]  
Bank Premises and Equipment

7.    Bank Premises and Equipment

 

                     
     December 31,
     2012     2011    

Estimated Useful Life

(dollars in thousands)    

Land

  $ 3,478     $ 3,478    

Bank premises

    18,353       18,349     30-39 years

Furniture and equipment

    31,319       28,874     3-10 years

Leasehold improvements

    9,930       8,079     30-39 years or lease term
   

 

 

   

 

 

   

 

      63,080       58,780      

Accumulated depreciation and amortization

    (39,181     (37,023    
   

 

 

   

 

 

     

Total

  $ 23,899     $ 21,757      
   

 

 

   

 

 

     

The Company and its subsidiaries are obligated under a number of non-cancelable operating leases for premises and equipment expiring in various years through 2026. Total lease expense approximated $2,055,000, $2,007,000 and $1,730,000 for the years ended December 31, 2012, 2011 and 2010, respectively. Rental income approximated $329,000, $455,000 and $438,000 in 2012, 2011 and 2010, respectively.

Future minimum rental commitments for non-cancelable operating leases with initial or remaining terms of one year or more at December 31, 2012, were as follows:

 

         

Year

  Amount  
    (dollars in thousands)  

2013

  $ 1,858  

2014

    1,954  

2015

    1,652  

2016

    1,492  

2017

    1,153  

Thereafter

    4,231  
   

 

 

 
    $ 12,340