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Note 6 - Premises and Equipment
 12 Months Ended
Dec. 31, 2015
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)

 

2015

    

2014

  
                 

Leasehold improvements

   $ 26,987     $ 23,050  

Furniture and equipment

     22,217       20,931  

Less accumulated depreciation and amortization

     (30,950 )     (24,882 )
                 

Total premises and equipment, net

   $ 18,254     $ 19,099  

Total depreciation and amortization expense for the years ended December 31, 2015, 2014 and 2013, was $6.1 million, $4.6 million and $3.9 million, respectively.


The Company leases banking and office space in 35 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 $8.5 million for 2015, $7.5 million in 2014, and $6.9 million in 2013. The Company subleased six leased premises during 2015 and two leased premises during 2014 and 2013. The Company recorded $435 thousand, $114 thousand, and $57 thousand as a reduction of rent expense during 2015, 2014, and 2013, respectively.


At December 31, 2015, 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)

       
         

2016

   $ 8,061  

2017

     7,186  

2018

     6,756  

2019

     6,448  

2020

     5,954  

Thereafter

     11,398  

Total minimum lease payments

   $ 45,803