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Premises and Equipment
 12 Months Ended
Dec. 31, 2012
Premises and Equipment

9. PREMISES AND EQUIPMENT

Premises and equipment as of the dates indicated were as follows:

 

     As of December 31,  
     2012     2011  
     (Dollars in thousands)  

Land

    $ 8,329      $ 7,661   

Bank premises

      47,156        46,270   

Furniture and equipment

      38,498        38,205   
  

 

 

    

 

 

  

Premises and equipment, gross

      93,983        92,136   

Accumulated depreciation and amortization

      (58,903 )      (55,856 ) 
  

 

 

    

 

 

  

Premises and equipment, net

    $ 35,080      $ 36,280   
  

 

 

    

 

 

  

Leases

The Company leases land and buildings under operating leases for varying periods extending to 2020, at which time the Company can exercise options that could extend certain leases through 2034. The future minimum annual rental payments required for leases that have initial or remaining noncancelable lease terms in excess of one year as of December 31, 2012, excluding property taxes and insurance, are as follows:

 

     As of December 31, 2012  
Year:    (Dollars in thousands)  

2013

    $ 4,861   

2014

      4,114   

2015

      3,347   

2016

      2,597   

2017

      1,777   

Succeeding years

      2,676   
  

 

 

  

Total minimum payments required

    $ 19,372   
  

 

 

  

Total rental expense for the Company was approximately $5.6 million, $5.8 million, and $6.3 million for the years ended December 31, 2012, 2011, and 2010, respectively.