Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property Plant And Equipment Abstract

Property Plant And Equipment Disclosure Text Block

NOTE 8 — PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2014 and 2013 are stated at cost less accumulated depreciation and amortization as follows:

	Useful Life	December 31,
	(Years)	2014		2013
		(In thousands)
Land	—	$	5,680	$	5,680
Buildings and improvements	40		65,430		63,594
Leasehold improvements	5 — 10		23,000		23,031
Furniture and fixtures	3 — 7		12,739		12,203
Information technology and other	3 — 7		26,422		24,876
			133,271		129,384
Less: accumulated depreciation and amortization			(52,672)		(46,481)
		$	80,599	$	82,903

Depreciation and amortization of premises and equipment totaled $10.2 million in 2014, $10.3 million in 2013 and $4.8 million in 2012. These are included in the consolidated statements of operations as part of occupancy and equipment expenses.

- 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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