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Premises and Equipment and Lease Commitments | 12 Months Ended
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Dec. 31, 2018
Premises and Equipment and Lease Commitments [Abstract] |
Premises and Equipment and Lease Commitments | Note 7. Premises and Equipment and Lease Commitments Premises and equipment at December 31, 2018 and 2017 are summarized as follows (in thousands):
| Range of Useful Lives |  | 2018 |  | 2017
Land | Not applicable |  | $ | 64,898 |  |  | $ | 65,649 |
Buildings | 15 to 30 years |  | 170,829 |  |  | 164,748 |
Leasehold improvements | 15 to 20 years |  | 43,536 |  |  | 38,913 |
Furniture and equipment | 3 to 20 years |  | 100,946 |  |  | 93,841 |
|  |  | 380,209 |  |  | 363,151 |
Less: accumulated depreciation and amortization |  |  | 114,649 |  |  | 97,137 |
|  |  | $ | 265,560 |  |  | $ | 266,014 |
Depreciation and amortization expense was approximately $21.5 million, $13.7 million, and $9.9 million for the years ended December 31, 2018, 2017 and 2016, respectively. Pinnacle Financial has entered into various operating leases, primarily for office space and branch facilities. Rent expense related to these leases for 2018, 2017 and 2016 totaled $12.4 million, $11.9 million and $8.4 million, respectively. At December 31, 2018, the approximate future minimum lease payments due under the aforementioned operating leases for their base term are as follows (in thousands):
2019 | $ | 12,889 |
2020 | 11,805 |
2021 | 11,527 |
2022 | 9,410 |
2023 | 8,820 |
Thereafter | 43,730 |
| $ | 98,181 |
Through acquisition, Pinnacle Financial assumed a single capital lease, primarily for office space at an interest rate of 7.22% per year. Rent expense related to this lease for 2018 was approximately $225,000 and is included in total rent expense above. At December 31, 2018, the approximate future minimum lease payments due under the aforementioned capital lease for its base term are as follows (in thousands):
2019 | $ | 470 |
2020 | 470 |
2021 | 470 |
2022 | 470 |
2023 | 479 |
Thereafter | 2,548 |
Total minimum lease payments | $ | 4,907 |
Less: amount representing interest | 1,437 |
Present value of net minimum lease payments | $ | 3,470 |

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- Definition The entire disclosure for long-lived physical assets that are used in the normal conduct of business and for lease commitments. + References No definition available. + Details
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