Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

NOTE 6—PREMISES AND EQUIPMENT

Year-end premises and equipment were as follows.


	2014			2013
Land and improvements	$	3,770		$	4,083
Buildings and improvements		17,373			19,681
Furniture and equipment		13,942			16,751

Total		35,085			40,515
Accumulated depreciation		(20,685	)		(24,202	)

Premises and equipment, net	$	14,400		$	16,313

Depreciation expense was $1,176 and $1,334 for 2014 and 2013, respectively.

Rent expense was $377 and $367 for 2014 and 2013, respectively. Rent commitments under non-cancelable operating leases at December 31, 2014 were as follows, before considering renewal options that generally are present.


2015	$	335
2016		273
2017		256
2018		117
2019		88
Thereafter		—

Total	$	1,069

The rent commitments listed above are primarily for the leasing of five financial services branches.

- 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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