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Note 5 - Premises and Equipment
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 5 - Premises and Equipment 


Premises and equipment include the following at December 31:


(dollars in thousands)

 

2013

   

2012

 
                 

Leasehold improvements

  $ 18,213     $ 16,183  

Furniture and equipment

    18,289       14,986  

Less accumulated depreciation and amortization

    (19,765 )     (15,908 )
                 

Total premises and equipment, net

  $ 16,737     $ 15,261  

Total depreciation and amortization expense for the years ended December 31, 2013, 2012, and 2011, was $3.9 million, $3.1 million, and $2.3 million, respectively.


The Company leases banking and office space in twenty three locations under non-cancelable lease arrangements accounted for as operating leases. The initial lease periods range from five to ten years and provide for one or more five year renewal options. The leases in some cases provide for scheduled annual rent escalations and require that the Bank (lessee) pay certain operating expenses applicable to the leased space. Rent expense applicable to operating leases amounted to $6.9 million for 2013, $6.1 million in 2012, and $5.3 million in 2011. The Company subleased two leased premises during 2013 and 2012, and three leased premises during 2011 and recorded $57 thousand, $99 thousand, and $324 thousand respectively, as a reduction of rent expense during 2013, 2012, and 2011.


At December 31, 2013, future minimum lease payments under non-cancelable operating leases having an initial term in excess of one year are as follows: 


Years ending December 31:

       

(dollars in thousands)

       
         

2014

  $ 6,809  

2015

    6,818  

2016

    6,064  

2017

    4,849  

2018

    4,169  

Thereafter

    9,708  

Total minimum lease payments

  $ 38,417