ALNC » Topics » 4. Bank Premises, Furniture, and Equipment

This excerpt taken from the ALNC 10-K filed Mar 12, 2010.

4. Bank Premises, Furniture, and Equipment

Bank premises, furniture, and equipment at December 31 consist of the following (in thousands):

 

    

        2009        

  

        2008        

Land

   $      3,063      $      3,168  

Bank premises

   20,092      19,804  

Furniture and equipment

   25,141      24,218  
         

Total cost

   48,296      47,190  

Less: Accumulated depreciation

   28,210      25,988  
         
   $    20,086      $    21,202  
         

At December 31, 2009 and 2008, furniture and equipment included $1.3 million in equipment leased to others under operating leases and the related accumulated depreciation of $569,000 and $351,000 at December 31, 2009 and 2008, respectively. Depreciation expense on equipment leased to others totaled $218,000, $226,000, and $93,000 in 2009, 2008 and 2007, respectively.

At December 31, 2009, the minimum future lease payments to be received from equipment leased to others were as follows (in thousands):

 

  Year ending December 31:

  2010

   $    206  

  2011

   236  

  2012

   201  

  2013

   174  

  2014

   —  
These excerpts taken from the ALNC 10-K filed Mar 13, 2009.

4. Bank Premises, Furniture, and Equipment

Bank premises, furniture, and equipment at December 31 consist of the following (in thousands):

 

    2008   2007

Land

              $ 3,168                 $ 2,911  

Bank premises

    19,804       19,151  

Furniture and equipment

    24,218       26,184  
           

Total cost

    47,190       48,246  

Less: Accumulated depreciation

    25,988       26,686  
           
              $     21,202                 $     21,560  
           

At December 31, 2008 and 2007, furniture and equipment included $1.3 million and $1.4 million, respectively, in equipment leased to others under operating leases and the related accumulated depreciation of $351,000 and $137,000 at December 31, 2008 and 2007, respectively. Depreciation expense on equipment leased to others totaled $226,000, $93,000 and $832,000 in 2008, 2007 and 2006, respectively.

At December 31, 2008, the minimum future lease payments to be received from equipment leased to others were as follows (in thousands):

 

  Year ending December 31:

  2009

   $     248  

  2010

     205  

  2011

     255  

  2012

     229  

  2013

     245  

  Thereafter

     51  

4. Bank Premises, Furniture, and Equipment

ALIGN="justify">Bank premises, furniture, and equipment at December 31 consist of the following (in thousands):

 


























































































  2008 2007

Land

             $3,168               $2,911  

Bank premises

  19,804    19,151  

Furniture and equipment

  24,218    26,184  
      

Total cost

  47,190    48,246  

Less: Accumulated depreciation

  25,988    26,686  
      
             $    21,202               $    21,560  
      

At December 31, 2008 and 2007, furniture and equipment included $1.3 million and $1.4
million, respectively, in equipment leased to others under operating leases and the related accumulated depreciation of $351,000 and $137,000 at December 31, 2008 and 2007, respectively. Depreciation expense on equipment leased to others
totaled $226,000, $93,000 and $832,000 in 2008, 2007 and 2006, respectively.

At December 31, 2008, the minimum future lease payments
to be received from equipment leased to others were as follows (in thousands):

 









































  Year ending December 31:

  2009

  $    248  

  2010

   205  

  2011

   255  

  2012

   229  

  2013

   245  

  Thereafter

   51  
These excerpts taken from the ALNC 10-K filed Mar 17, 2008.

4. Bank Premises, Furniture, and Equipment

Bank premises, furniture, and equipment at December 31 consist of the following (in thousands):

 

                       2007                                       2006                   

Land

   $      2,142     $      2,399  

Bank premises

   17,855     17,608  

Furniture and equipment

   26,184     23,106  
        

Total cost

   $    46,181     $    43,113  

Less: Accumulated depreciation

   26,686     22,988  
        
   $    19,495     $    20,125  
        

At December 31, 2007 and 2006, furniture and equipment included $1.4 million and $2.3 million, respectively, in equipment leased to others under operating leases and the related accumulated depreciation of $137,000 and $2.2 million at December 31, 2007 and 2006, respectively. Depreciation expense on equipment leased to others totaled $93,000, $832,000 and $951,000 in 2007, 2006 and 2005, respectively.

At December 31, 2007, the minimum future lease payments to be received from equipment leased to others by type were as follows (in thousands):

 

  Year ending December 31:

  2008

   $       269  

  2009

     221  

  2010

     237  

  2011

     255  

  2012

     229  

  Thereafter

     296  

4. Bank Premises, Furniture, and Equipment

FACE="Times New Roman" SIZE="2">Bank premises, furniture, and equipment at December 31 consist of the following (in thousands):

 






































































   SIZE="1">                  2007                   SIZE="1">                  2006                 
 

Land

  $      2,142   $      2,399  

Bank premises

  17,855   17,608  

Furniture and equipment

  26,184   23,106  
     

Total cost

  $    46,181   $    43,113  

Less: Accumulated depreciation

  26,686   22,988  
     
  $    19,495   $    20,125  
     

At December 31, 2007 and 2006, furniture and equipment included $1.4 million and $2.3
million, respectively, in equipment leased to others under operating leases and the related accumulated depreciation of $137,000 and $2.2 million at December 31, 2007 and 2006, respectively. Depreciation expense on equipment leased to others
totaled $93,000, $832,000 and $951,000 in 2007, 2006 and 2005, respectively.

At December 31, 2007, the minimum future lease payments
to be received from equipment leased to others by type were as follows (in thousands):

 









































  Year ending December 31:

  2008

  $      269  

  2009

   221  

  2010

   237  

  2011

   255  

  2012

   229  

  Thereafter

   296  
This excerpt taken from the ALNC 10-K filed Mar 15, 2007.

7. Bank Premises, Furniture, and Equipment

Bank premises, furniture, and equipment at December 31 consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

2006

 

2005

 

 

 


 


 

Land

 

$

2,399

 

$

1,101

 

Bank premises

 

 

17,608

 

 

11,423

 

Furniture and equipment

 

 

23,106

 

 

20,946

 

 

 



 



 

Total cost

 

$

43,113

 

$

33,470

 

Less: Accumulated depreciation

 

 

22,988

 

 

20,438

 

 

 



 



 

 

 

$

20,125

 

$

13,032

 

 

 



 



 

This excerpt taken from the ALNC 10-K filed Mar 14, 2006.

7. BANK PREMISES, FURNITURE, AND EQUIPMENT

(Dollars In Thousands)

          Bank premises, furniture, and equipment at December 31 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

2005

 

2004

 

2003

 









Land

 

$

1,101

 

$

1,155

 

$

1,160

 

Bank premises

 

 

11,423

 

 

11,095

 

 

9,766

 

Furniture and equipment

 

 

20,946

 

 

21,122

 

 

20,157

 












Subtotal

 

$

33,470

 

$

33,372

 

$

31,083

 












Less: Accumulated depreciation

 

 

20,438

 

 

18,918

 

 

16,530

 












Balance at end of year

 

$

13,032

 

$

14,454

 

$

14,553

 












This excerpt taken from the ALNC 10-K filed Mar 18, 2005.

6. BANK PREMISES, FURNITURE, AND EQUIPMENT

         Bank premises, furniture, and equipment at December 31 consist of the following:

 
(Dollars In Thousands)            
2004     2003     2002    
 


Land $ 1,155   $ 1,160   $ 1,078  
Bank premises 11,095   9,766   9,734  
Furniture and equipment 17,706   15,584   14,347  
 


Subtotal $ 29,956   $ 26,510   $ 25,159  
 


Less: Accumulated depreciation 17,621   16,100   14,879  
 


Balance at end of year $ 12,335   $ 10,410   $ 10,280  
 



41


This excerpt taken from the ALNC 10-K filed Mar 3, 2005.

6. BANK PREMISES, FURNITURE, AND EQUIPMENT

         Bank premises, furniture, and equipment at December 31 consist of the following:

 
(Dollars In Thousands)            
2004     2003     2002    
 


Land $ 1,155   $ 1,160   $ 1,078  
Bank premises 11,095   9,766   9,734  
Furniture and equipment 17,706   15,584   14,347  
 


Subtotal $ 29,956   $ 26,510   $ 25,159  
 


Less: Accumulated depreciation 17,621   16,100   14,879  
 


Balance at end of year $ 12,335   $ 10,410   $ 10,280  
 



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