Premises, Equipment, and Leases

12 Months Ended

Dec. 31, 2014

Note 8.

Premises, Equipment, and Leases

Premises and Equipment

The following table presents the components of premises and equipment as of the dates indicated:


	December 31,
(Amounts in thousands)	2014		2013
Land	$	19,166	$	19,884
Buildings and leasehold improvements		50,729		54,292
Equipment		38,103		36,983

		107,998		111,159
Accumulated depreciation and amortization		52,154		50,043

Total premises and equipment, net	$	55,844	$	61,116

Certain long-term investments in land and buildings were evaluated for impairment resulting in write-downs totaling $935 thousand in 2014 and $1.52 million in 2013. Depreciation and amortization expense was $4.41 million in 2014, $4.67 million in 2013, and $4.03 million in 2012.

Leases

The Company enters into various noncancelable operating leases. The following schedule presents future minimum lease payments required under noncancelable operating leases, with initial or remaining terms in excess of one year, by year, as of December 31, 2014:


(Amounts in thousands)
2015	$	675
2016		556
2017		567
2018		511
2019		348
2020 and thereafter		3,046

	$	5,703

Lease expense was $1.06 million in 2014, $1.18 million in 2013, and $1.26 million in 2012. Certain portions of the Company’s leases have been sublet to third parties for properties not currently being used by the Company. The following schedule presents future minimum lease payments to be received under noncancelable subleases, with initial or remaining terms in excess of one year, by year, as of December 31, 2014:


(Amounts in thousands)
2015	$	17
2016		—
2017		—
2018		—
2019		—
2020 and thereafter		—

	$	17

- 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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