XML 48 R15.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Premises and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2015
Property, Plant and Equipment [Abstract] |
Premises and Equipment | 7. Premises and Equipment The following summarizes premises and equipment at December 31, 2015 and 2014:
|  | 2015 |  |  | 2014 |
Land |  | $ | 4,726 |  |  | $ | 4,726 |
Premises and leasehold improvements |  |  | 37,673 |  |  |  | 35,839 |
Furniture and equipment |  |  | 25,517 |  |  |  | 24,137 |
Construction in process |  |  | 7,017 |  |  |  | 3,506 |
|  |  | 74,933 |  |  |  | 68,208 |
Less: accumulated depreciation |  |  | 35,563 |  |  |  | 32,830 |
Premises and equipment, net |  | $ | 39,370 |  |  | $ | 35,378 |
Depreciation on premises and equipment amounted to $2,756 in 2015, $2,659 in 2014, and $2,147 in 2013. In 2015, the Corporation entered into a contractual commitment to construct a branch facility in Worthington, Ohio at a cost of $5,948. Construction has commenced with $2,006 of construction in process as of December 31, 2015. The project is expected to be completed by the end of the fourth quarter of 2016. In 2014, the Corporation entered into a contractual commitment to remodel its main office facility in Clearfield, Pennsylvania at a cost of $9,935. Construction in the amount of $5,658 has been completed, and $4,277 was in process as of December 31, 2015. The project is expected to be completed by the end of the first quarter of 2016. The Corporation is committed under nineteen noncancelable operating leases for facilities and thirteen noncancelable operating leases for vehicles with initial or remaining terms in excess of one year. The minimum annual rental commitments under these leases at December 31, 2015 are as follows:
2016 |  | $ | 907 |
2017 |  |  | 692 |
2018 |  |  | 440 |
2019 |  |  | 356 |
2020 |  |  | 237 |
Thereafter |  |  | 1,967 |
|  | $ | 4,599 |
Rental expense, net of rental income, charged to occupancy expense for 2015, 2014, and 2013 was $699, $736, and $490, respectively. In December 2009, the Corporation entered into a sale-leaseback transaction for real estate used in the operations of one of its branch office locations. The lease term is seventeen years, with two automatic renewal terms of five years each. The Corporation sold the property for $1,200 but financed the entire sales amount. Because the buyer/lessor did not make an initial investment on the purchase of the real estate that is adequate to transfer the risks and rewards of ownership, the Corporation deferred the entire gain of $489 associated with this transaction, which is included in accrued interest payable and other liabilities in the accompanying consolidated balance sheet. The gain is being recognized over the term of the loan under the installment method, and the gain recognized was included in other income in the accompanying consolidated statements of income and comprehensive income and totaled $22, $19, and $17 in 2015, 2014, and 2013, respectively. The minimum annual rental commitments under this sale-leaseback transaction at December 31, 2015 are as follows:
2016 |  | $ | 105 |
2017 |  |  | 105 |
2018 |  |  | 105 |
2019 |  |  | 105 |
2020 |  |  | 105 |
Thereafter |  |  | 630 |
|  | $ | 1,155 |

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=51717284&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=51719941&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