Capital Bank Financial Corp. | 2013 | FY | 3


A summary of the cost and accumulated depreciation of premises and equipment follows:

 

(Dollars in thousands)    Year Ended
December 31,

2013
    Year Ended
December 31,
2012
    Estimated
Useful Life
 

Land

   $ 49,219      $ 53,802     

Buildings and leasehold improvements

     124,312        128,189        <1 to 40 years   

Furniture, fixtures and equipment

     65,605        57,296        <1 to 40 years   

Construction in progress

     564        5,422     
  

 

 

   

 

 

   

Premises and equipment, gross

     239,700        244,709     

Less: Accumulated depreciation

     (59,845     (46,252  
  

 

 

   

 

 

   

Premises and equipment, net

   $ 179,855      $ 198,457     
  

 

 

   

 

 

   

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