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Premises And Equipment | 12 Months Ended
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Dec. 31, 2011
Premises And Equipment [Abstract] |
Premises And Equipment | Note 15—Premises and Equipment Premises and equipment are described as follows:
|  | Estimated Useful Life |  | 2011 |  |  | 2010 |
|  | (dollars in thousands) |
Land |  | Indefinite |  | $ | 12,513 |  |  | $ | 11,894 |
Buildings and improvements |  | 10-50 years |  |  | 81,072 |  |  |  | 79,577 |
Leasehold improvements |  | 5-40 years |  |  | 14,536 |  |  |  | 15,740 |
Furniture and equipment |  | 3-10 years |  |  | 79,722 |  |  |  | 83,681 |
Software |  | 3-10 years |  |  | 33,479 |  |  |  | 29,770 |
Subtotal |  |  |  |  | 221,322 |  |  |  | 220,662 |
Less accumulated depreciation and amortization |  |  |  |  | 154,567 |  |  |  | 153,681 |
Total premises and equipment |  |  |  | $ | 66,755 |  |  | $ | 66,981 |
Depreciation related to premises and equipment included in noninterest expense for the years ended December 31, 2011, 2010 and 2009 amounted to $8.3 million, $8.6 million and $8.5 million, respectively. First Commonwealth leases various premises and assorted equipment under non-cancelable agreements. Total future minimal rental commitments at December 31, 2011, were as follows:
|  | Premises |  |  | Equipment |
|  | (dollars in thousands) |
2012 |  | $ | 3,627 |  |  | $ | 207 |
2013 |  |  | 3,306 |  |  |  | 207 |
2014 |  |  | 3,148 |  |  |  | 18 |
2015 |  |  | 2,980 |  |  |  | 0 |
2016 |  |  | 2,798 |  |  |  | 0 |
Therafter |  |  | 19,613 |  |  |  | 0 |
Total |  | $ | 35,472 |  |  | $ | 432 |
Included in the lease commitments above is $486 thousand in lease payments to be paid under a sale-leaseback arrangement. The sale-leaseback transaction occurred in 2005 and resulted in a gain of $297 thousand on the sale of a branch that is being recognized over the 15 year lease term through 2020. Increases in utilities and taxes that may be passed on to the lessee under the terms of various lease agreements are not reflected in the above table. However, certain lease agreements provide for increases in rental payments based upon historical increases in the consumer price index or the lessor's cost of operating the facility, and are included in the minimum lease commitments. Additionally, the table above includes rent expense that is recognized for rent holidays and during construction periods. Total lease expense amounted to $4.4 million in 2011, $4.4 million in 2010 and $4.3 million in 2009.

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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