Premises and Equipment

12 Months Ended

Dec. 31, 2014

8. Premises and Equipment

Premises and equipment are summarized as follows:

(in thousands) December 31	2014			2013
Land and buildings	$	76,795		$	76,313
Leasehold improvements		4,760			4,778
Furniture, fixtures, and equipment		34,234			32,237
Construction in progress		227			971
Total premises and equipment		116,016			114,299
Less accumulated depreciation and amortization		(66,036	)		(62,299	)
Premises and equipment, net	$	49,980		$	52,000

Depreciation and amortization of premises and equipment for 2014, 2013, and 2012 was $4.1 million, $4.3 million, and $4.1 million, respectively.

- 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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