Premises and Equipment, Net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Premises and equipment consists of the following:



(Dollars in thousands)	2014			2013
Land	$	1,858		$	2,370
Facilities	20,189			20,675
Furniture, fixtures, and equipment	11,392			12,473
Construction in process and deposits on equipment	2,016			1,867
	35,455			37,385
Less accumulated depreciation	(17,351		)	(17,368		)
Total	$	18,104		$	20,017

Depreciation expense was $1.5 million for the year ended December 31, 2014 and $1.8 million for the years ended December 31, 2013, and 2012.

Pursuant to the terms of non-cancelable lease agreements in effect at December 31, 2014, pertaining to banking premises and equipment, future minimum rent commitments (in thousands) under various operating leases are as follows:



2015	$	2,011
2016	1,713
2017	1,554
2018	1,502
2019	1,514
Thereafter	15,954
	$	24,248

Rent expense was $2.8 million, $3.7 million, and $3.6 million for the years ended December 31, 2014, 2013, and 2012, respectively, and is included in occupancy and equipment expense on the consolidated statements of income.

- 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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