Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT (Tables)

v3.3.1.900
PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment
Premises and equipment are summarized as follows:
 
 
 
December 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
 
Land and building
 
$
13,293
 
$
1,733
 
Furniture and equipment
 
 
12,102
 
 
10,240
 
Leasehold improvements
 
 
6,042
 
 
5,748
 
Construction in progress
 
 
982
 
 
-
 
 
 
 
32,419
 
 
17,721
 
Accumulated depreciation
 
 
(12,985)
 
 
(9,906)
 
 
 
$
19,434
 
$
7,815
 
Schedule of Future Minimum Lease Payments
The Company leases land and building space under non-cancellable operating leases. Future minimum lease payments under non-cancellable operating leases at December 31, 2015 are summarized as follows:
 
 
 
(In Thousands)
 
2016
 
$
3,304
 
2017
 
 
3,014
 
2018
 
 
2,775
 
2019
 
 
2,273
 
2020
 
 
1,631
 
Thereafter
 
 
3,408
 
 
 
$
16,405