XML 29 R14.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Premises and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2016
Property, Plant and Equipment [Abstract] |
Premises and Equipment Disclosure [Text Block] | Note 6 - Premises and Equipment Premises and equipment are summarized as follows:
|  | Estimated |  |  |  |  |  |  |
|  | Useful Life |  |  |  |  |  |  |
|  | (Years) |  | 2016 |  | 2015 |
|  | (dollars in Thousands) |
Land |  | - |  | $ | 2,403 |  | $ | 2,403 |
Buildings |  | 20-40 |  |  | 16,027 |  |  | 16,490 |
Furniture, fixtures and equipment |  | 3-7 |  |  | 29,039 |  |  | 27,235 |
Leasehold improvements |  | 10-20 |  |  | 12,908 |  |  | 12,230 |
Subtotal |  |  |  |  | 60,377 |  |  | 58,358 |
Less: accumulated depreciation and amortization |  |  |  |  | 37,700 |  |  | 35,291 |
Subtotal |  |  |  |  | 22,677 |  |  | 23,067 |
Less: fair value adjustment for acquired leases |  |  |  |  | (602) |  |  | (734) |
Total premises and equipment, net |  |  |  | $ | 22,075 |  | $ | 22,333 |
Depreciation and amortization expense of premises and equipment was $2.7 million, $2.3 million and $1.5 million for 2016, 2015 and 2014, respectively. Capital Leases: As a result of the Merger, the Company acquired a lease agreement for a building under a capital lease. The lease arrangement requires monthly payments through 2028. The Company has included this lease in premises and equipment as follows (dollars in thousands):
|  |  | 2016 |  | 2015 |
Capital Lease |  |  | $ | 3,422 |  | $ | 3,422 |
Less: accumulated amortization |  |  |  | 1,369 |  |  | 1,198 |
|  |  | $ | 2,053 |  | $ | 2,224 |
The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments at December 31, 2016 (dollars in thousands):
2017 |  | $ | 292 |
2018 |  |  | 294 |
2019 |  |  | 321 |
2020 |  |  | 321 |
2021 |  |  | 321 |
Thereafter |  |  | 2,376 |
Total minimum lease payments |  |  | 3,925 |
Less amount representing interest |  |  | 1,162 |
Present value of net minimum lease payments |  | $ | 2,763 |
Operating Leases: Occupancy and equipment expense includes rentals for premises and equipment of $2.5 million in 2016, $2.1 million in 2015 and $1.6 million in 2014. At December 31, 2016, the Company was obligated under a number of non-cancelable leases for premises and equipment, many of which provide for increased rentals based upon increases in real estate taxes and the cost of living index. These leases, most of which have renewal provisions, are principally operating leases. Future minimum lease payments under these leases are as follows (dollars in thousands):
2017 |  | $ | 2,149 |
2018 |  |  | 2,131 |
2019 |  |  | 2,003 |
2020 |  |  | 1,851 |
2021 |  |  | 1,565 |
Thereafter |  |  | 6,400 |

X
- References No definition available. + 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 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 2: 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=64827811&loc=d3e1361-107760 Reference 3: 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=64862545&loc=d3e2921-110230 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 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration