XML 50 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Premises and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2017
Property, Plant and Equipment [Abstract] |
Premises and Equipment | 7. Premises and Equipment The following summarizes premises and equipment at December 31, 2017 and 2016:
|  | 2017 |  |  | 2016 |
Land |  | $ | 8,147 |  |  | $ | 7,324 |
Premises and leasehold improvements |  |  | 53,903 |  |  |  | 48,563 |
Furniture and equipment |  |  | 31,238 |  |  |  | 30,125 |
Construction in process |  |  | 71 |  |  |  | 4,014 |
|  |  | 93,359 |  |  |  | 90,026 |
Less: accumulated depreciation |  |  | 42,644 |  |  |  | 40,504 |
Premises and equipment, net |  | $ | 50,715 |  |  | $ | 49,522 |
Depreciation on premises and equipment amounted to $3,811 in 2017, $3,215 in 2016 and $2,759 in 2015. The Corporation is committed under nineteen non-cancelable operating leases for facilities and eleven non-cancelable 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, 2017 are as follows:
2018 |  | $ | 1,167 |
2019 |  |  | 1,021 |
2020 |  |  | 836 |
2021 |  |  | 736 |
2022 |  |  | 578 |
Thereafter |  |  | 3,530 |
|  | $ | 7,868 |
Rental expense, net of rental income, charged to occupancy expense for 2017, 2016, and 2015 was $870, $773 and $699, 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 $25, $25 and $22 in 2017, 2016, and 2015, respectively. The minimum annual rental commitments under this sale-leaseback transaction at December 31, 2017 are as follows:
2018 |  | $ | 105 |
2019 |  |  | 105 |
2020 |  |  | 105 |
2021 |  |  | 105 |
2022 |  |  | 105 |
Thereafter |  |  | 420 |
|  | $ | 945 |

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 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration