XML 141 R21.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Premises and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2014
Property, Plant and Equipment [Abstract] |
Premises and Equipment | Premises and Equipment Premises and equipment are described as follows:
| Estimated Useful Life |  | 2014 |  | 2013
| (dollars in thousands)
Land | Indefinite |  | $ | 12,098 |  |  | $ | 12,431 |
Buildings and improvements | 10-50 years |  | 75,873 |  |  | 81,829 |
Leasehold improvements | 5-40 years |  | 14,229 |  |  | 14,354 |
Furniture and equipment | 3-10 years |  | 59,034 |  |  | 80,131 |
Software | 3-7 years |  | 37,007 |  |  | 46,133 |
Subtotal |  |  | 198,241 |  |  | 234,878 |
Less accumulated depreciation and amortization |  |  | 133,252 |  |  | 166,938 |
Total premises and equipment |  |  | $ | 64,989 |  |  | $ | 67,940 |
Depreciation related to premises and equipment included in noninterest expense for the years ended December 31, 2014, 2013 and 2012 amounted to $13.2 million, $10.4 million and $7.9 million, respectively. As a result of the Company's core processing system conversion, which was completed in the third quarter of 2014, the estimated average useful life on $14.0 million in software included in the table above for 2013 was reduced from an average life of 6 years to 3 years and the average useful life on $0.7 million of equipment was reduced from an average life of 5 years to 4 years. These assets were considered obsolete after the system conversion, resulting in accelerated depreciation of $5.6 million and $2.0 million being recognized in 2014 and 2013, respectively. At December 31, 2013, $0.2 million in software had an estimated useful life of 10 years, with 5 years remaining. During 2014, the use of this software was discontinued and the remaining book value of $0.1 million was fully depreciated. The estimated useful life for all other software is 3 to 7 years. First Commonwealth leases various premises and assorted equipment under non-cancellable agreements. Total future minimal rental commitments at December 31, 2014, were as follows:
| Premises |  | Equipment
| (dollars in thousands)
2015 | $ | 3,257 |  |  | $ | 56 |
2016 | 2,969 |  |  | — |
2017 | 2,758 |  |  | — |
2018 | 2,582 |  |  | — |
2019 | 2,330 |  |  | — |
Thereafter | 12,276 |  |  | — |
Total | $ | 26,172 |  |  | $ | 56 |
Included in the lease commitments above is $321 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 $2.9 million, $4.2 million and $4.3 million in 2014, 2013 and 2012, respectively.

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: 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 2: 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 Reference 3: 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 4: 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 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration