XML 101 R14.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 6 - Premises and Equipment
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 6 - Premises and Equipment


Premises and equipment include the following at December 31:


(dollars in thousands)

 

2014

   

2013

 
                 

Leasehold improvements

  $ 23,050     $ 18,213  

Furniture and equipment

    20,931       18,289  

Less accumulated depreciation and amortization

    (24,882 )     (19,765 )
                 

Total premises and equipment, net

  $ 19,099     $ 16,737  

Total depreciation and amortization expense for the years ended December 31, 2014, 2013, and 2012, was $4.6 million, $3.9 million, and $3.1 million, respectively.


The Company leases banking and office space in thirty 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 $7.5 million for 2014, $6.9 million in 2013, and $6.1 million in 2012. The Company subleased two leased premises during 2014, 2013, and 2012 and recorded $114 thousand, $57 thousand, and $99 thousand respectively, as a reduction of rent expense during 2014, 2013, and 2012.


At December 31, 2014, 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)

       
         

2015

  $ 8,610  

2016

    7,927  

2017

    7,046  

2018

    6,384  

2019

    5,999  

Thereafter

    12,394  

Total minimum lease payments

  $ 48,360