Premises And Equipment

12 Months Ended

Dec. 31, 2014

Note 5: Premises and Equipment

Year-end premises and equipment were as follows:



	At December 31,
(Dollars in thousands)	2014		2013
Land	$	5,496	$	6,057
Buildings and improvements		20,967		21,751
Furniture, fixtures, and equipment		29,091		27,268
Construction/remodeling in progress		574		1,159
		56,128		56,235
Accumulated depreciation and amortization		(37,540)		(35,402)
Total premises and equipment, net	$	18,588	$	20,833

Depreciation of premises and equipment totaled $2.8 million in 2014 and $2.5 million in 2013 and 2012.

We lease certain equipment and premises for our operations. Future minimum annual rental payments required under operating leases, net of sublease agreements, that have initial or remaining lease terms in excess of one year as of December 31, 2014 were as follows:


(Dollars in thousands)
2015	$	2,534
2016		1,784
2017		667
2018		597
2019		519
Thereafter		1,146
Total	$	7,247

The total rental expense was $2.4 million, $2.6 million, and $2.5 million in 2014, 2013, and 2012, 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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