Premises and equipment, net

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

7. Premises and equipment, net:

Premises and equipment at December 31, 2013 and 2012 are summarized as follows:


December 31	2013		2012
Land	$	5,309	$	4,503
Premises and leasehold improvements		34,177		20,863
Furniture, fixtures and equipment		22,975		17,806

		62,461		43,172
Less: accumulated depreciation		36,342		28,035

	$	26,119	$	15,137

Depreciation and amortization included to noninterest expense amounted to $924, $855 and $1,050 in 2013, 2012 and 2011, respectively.

Pursuant to the terms of non-cancelable lease agreements in effect at December 31, 2013, pertaining to banking premises and equipment, future minimum annual rent commitments under various operating leases are summarized as follows:


2014	$	275
2015		262
2016		214
2017		158
2018		68
Thereafter		455

	$	1,432

The leases contain options to extend for periods from one to ten years. The cost of such options is not included in the annual rental commitments. Rent expense for the years ended December 31, 2013, 2012 and 2011 amounted to $216, $103 and $98, respectively.

- 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.

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