Premises And Equipment, Net

12 Months Ended

Dec. 31, 2013

Premises And Equipment, Net [Abstract]

(6)Premises and Equipment, Net

At December 31, 2013 and 2012, premises and equipment, less accumulated depreciation and amortization, consists of the following (in thousands):



	December 31,
	2013	2012
At cost:
Land	$ 2,026	$ 2,036
Buildings and improvements	6,647	5,950
Capital leases	2,600	2,600
Furniture, fixtures, and equipment	18,969	17,299
Leasehold improvements	26,126	25,577
	56,368	53,462
Accumulated depreciation and amortization	(27,311)	(23,677)
Premises and equipment, net	$ 29,057	$ 29,785

Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $3.6 million, $2.8 million, and $2.2 million, respectively.

The Company realized a gain of $397,000 from the sale of vacant land adjacent to a branch in 2013, and no sales of premises and equipment in 2012 or 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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