PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

8. PREMISES AND EQUIPMENT

Premises and equipment consisted of the following as of December 31, 2013 and 2012:

	December 31,
	2013			2012
	(Dollars in thousands)

Land	$	9,006		$	9,006
Office buildings and improvements	94,888			91,512
Furniture, fixtures and equipment	36,677			34,980
	140,571			135,498
Accumulated depreciation and amortization	(91,532		)	(86,739		)
Net premises and equipment	$	49,039		$	48,759

Depreciation and amortization of premises and equipment were charged to the following operating expenses:

	Year Ended December 31,
	2013		2012		2011
	(Dollars in thousands)

Net occupancy	$	3,702	$	3,723	$	3,641
Equipment	2,305		2,628		3,083
Total	$	6,007	$	6,351	$	6,724

- 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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