Premises and Equipment

12 Months Ended

Dec. 31, 2013

8. Premises and Equipment

Premises and equipment are summarized as follows:

(in thousands) December 31	2013			2012
Land and buildings	$	76,313		$	75,918
Leasehold improvements		4,778			4,778
Furniture, fixtures, and equipment		32,237			46,680
Construction in progress		971			847
Total premises and equipment		114,299			128,223
Less accumulated depreciation and amortization		(62,299	)		(73,902	)
Premises and equipment, net	$	52,000		$	54,321

Depreciation and amortization of premises and equipment for 2013, 2012, and 2011 was $4.3 million, $4.1 million, and $4.0 million, 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.

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