Premises and Equipment

12 Months Ended

Sep. 30, 2011

PREMISES AND EQUIPMENT



September 30,		2011			2010
		(In thousands)
	Estimated Useful Life
Land	—	$	78,282		$	76,786
Buildings	25 - 40	102,403			103,817
Leasehold improvements	7 - 15	6,919			5,512
Furniture, fixtures and equipment	2 - 10	31,036			26,769
		218,640			212,884
Less accumulated depreciation and amortization		(52,047		)	(50,163		)
		$	166,593		$	162,721

The Company has non-cancelable operating leases for branch offices. Future minimum net rental commitments for all non-cancelable leases, including maintenance and associated costs, were as follows: $2.4 million for 2012, $2.1 million for 2013, $1.7 million for 2014, $1.3 million for 2015 and $2.1 million thereafter. Rental expense, including amounts paid under month-to-month cancelable leases, amounted to $3,083,000, $3,170,000 and $2,710,000 in 2011, 2010 and 2009, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details