Macatawa Bank Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PREMISES AND EQUIPMENT - NET (Tables)

PREMISES AND EQUIPMENT - NET (Tables)

12 Months Ended

Dec. 31, 2013

PREMISES AND EQUIPMENT - NET [Abstract]

Year-end premises and equipment were as follows (dollars in thousands):

	2013			2012
Land	$	18,236		$	18,236
Building		42,530			42,512
Leasehold improvements		779			779
Furniture and equipment		20,344			19,308
Construction in progress		1,065			604
		82,954			81,439
Less accumulated depreciation		(29,313	)		(27,863	)
	$	53,641		$	53,576

Future minimum rental expense under noncancelable operating leases

Future minimum rental expense under noncancelable operating leases as of December 31, 2013 is as follows (dollars in thousands):

2014	$	254
2015		233
2016		230
2017		229
2018		229
Thereafter		356
	$	1,531

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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