Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT

v2.4.1.9
PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT
NOTE 5. PREMISES AND EQUIPMENT
 
Premises and equipment are summarized as follows:
 
 
 
December 31,
 
 
 
2014
 
2013
 
 
 
(In Thousands)
 
Land and building
 
$
1,733
 
$
1,724
 
Furniture and equipment
 
 
10,240
 
 
9,579
 
Leasehold improvements
 
 
5,748
 
 
5,131
 
 
 
 
17,721
 
 
16,434
 
Accumulated depreciation
 
 
(9,906)
 
 
(8,083)
 
 
 
$
7,815
 
$
8,351
 
 
The provisions for depreciation charged to occupancy and equipment expense for the years ended December 31, 2014, 2013 and 2012 were $1,838,000, $1,841,000 and $1,218,000, respectively.
 
The Company leases land and building space under non-cancellable operating leases. Future minimum lease payments under non-cancellable operating leases at December 31, 2014 are summarized as follows:
 
 
 
(In Thousands)
 
2015
 
$
2,500
 
2016
 
 
2,468
 
2017
 
 
2,220
 
2018
 
 
1,973
 
2019
 
 
1,483
 
Thereafter
 
 
3,624
 
 
 
$
14,268
 
 
For the years ended December 31, 2014, 2013 and 2012, annual rental expense on operating leases was $2,674,000, $2,488,000 and $2,195,000, respectively.