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Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note

6

- Premises and Equipment

Premises and equipment include the following at

December

31:

(dollars in thousands)		2016				2015
Leasehold improvements		$	29,207			$	26,987
Furniture and equipment			26,994				22,217
Less accumulated depreciation and amortization			(35,540	)			(30,950	)
Total premises and equipment, net		$	20,661			$	18,254

Total depreciation and amortization expense for the years ended

December

31,

2016,

2015

and

2014,

was

$5.0

million,

$6.1

million and

$4.6

million, respectively.

The Company leases banking and office space in

29

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

2016,

$8.5

million for

2015,

and

$7.5

million in

2014.

The Company subleased

four

leased premises during

2016,

six

leased premises during

2015,

and

two

leased premises during

2013.

The Company recorded

$579

thousand,

$435

thousand, and

$114

thousand of sublease income as a reduction of rent expense during

2016,

2015,

and

2014,

respectively.

At

December

31,

2016,

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)
2017		$	8,016
2018			7,736
2019			7,464
2020			6,990
2021			6,069
Thereafter			16,179
Total minimum lease payments		$	52,454

X

- References

No definition available.

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- 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 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13-14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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