Premises and Equipment, Net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Premises and equipment consists of the following:



(Dollars in thousands)	2013			2012
Land	$	2,370		$	2,370
Facilities	20,675			20,472
Furniture, fixtures, and equipment	12,473			12,362
Construction in process and deposits on equipment	1,867			1,489
	37,385			36,693
Less accumulated depreciation	(17,368		)	(16,106		)
Total	$	20,017		$	20,587

Depreciation expense was $1.8 million, for the years ended December 31, 2013, and 2012, respectively and $1.6 million for the year ended December 31, 2011.

Pursuant to the terms of non-cancelable lease agreements in effect at December 31, 2013, pertaining to banking premises and equipment, future minimum rent commitments (in thousands) under various operating leases are as follows:



2014	$	3,014
2015	2,550
2016	2,166
2017	2,057
2018	1,848
Thereafter	15,626
	$	27,261

Rent expense was $3.7 million, $3.6 million, and $3.3 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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