Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT (Tables)

v2.4.1.9
PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Schedule of 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
 
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, 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