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Premises and Equipment
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment Abstract  
Property Plant And Equipment Disclosure Text Block

NOTE 8 PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2016 and 2015 are stated at cost less accumulated depreciation and amortization as follows:

Useful Life December 31,
(Years)20162015
(In thousands)
Land$5,638$5,638
Buildings and improvements4064,04864,392
Leasehold improvements5 — 1020,41420,166
Furniture and fixtures3 — 714,47913,656
Information technology and other3 — 726,00323,226
130,582127,078
Less: accumulated depreciation and amortization(60,175)(52,488)
$70,407$74,590

Depreciation and amortization of premises and equipment totaled $9.4 million in 2016, $11.1 million in 2015 and $10.2 million in 2014. These are included in the consolidated statements of operations as part of occupancy and equipment expenses.