PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

8.PREMISES AND EQUIPMENT

Premises and equipment consisted of the following as of December 31, 2014 and 2013:

	December 31,
	2014			2013
	(Dollars in thousands)

Land	$	9,006		$	9,006
Office buildings and improvements	98,081			94,888
Furniture, fixtures and equipment	36,916			36,677
	144,003			140,571
Accumulated depreciation and amortization	(94,789		)	(91,532		)
Net premises and equipment	$	49,214		$	49,039

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

	Year Ended December 31,
	2014		2013		2012
	(Dollars in thousands)

Net occupancy	$	3,845	$	3,702	$	3,723
Equipment	1,997		2,305		2,628
Total	$	5,842	$	6,007	$	6,351

- 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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