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Bank Premises and Equipment
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Bank Premises and Equipment

7.    Bank Premises and Equipment

 

December 31,    2014      2013      Estimated Useful Life  
(dollars in thousands)                     

Land

   $ 3,478       $ 3,478           

Bank premises

     19,272         19,235         30-39 years   

Furniture and equipment

     22,796         31,965         3-10 years   

Leasehold improvements

     11,607         10,010         30-39 years or lease term   
  

 

 

    

 

 

    

 

 

 
     57,153         64,688      

Accumulated depreciation and amortization

     (32,971      (41,288   
  

 

 

    

 

 

    

    Total

   $ 24,182       $ 23,400      
  

 

 

    

 

 

    

The Company is obligated under a number of non-cancelable operating leases for premises and equipment expiring in various years through 2026. Total lease expense approximated $2,465,000, $2,094,000 and $2,055,000 for the years ended December 31, 2014, 2013 and 2012, respectively. Rental income approximated $307,000, $299,000 and $329,000 in 2014, 2013 and 2012, respectively.

Future minimum rental commitments for non-cancelable operating leases with initial or remaining terms of one year or more at December 31, 2014, were as follows:

 

     Year      Amount  
     (dollars in thousands)  
     2015       $ 2,279   
     2016         2,123   
     2017         1,659   
     2018         1,458   
     2019         1,285   
     Thereafter         3,947   
  

 

 

    

 

 

 
      $ 12,751