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Premises and Equipment | 12 Months Ended
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Dec. 31, 2016
Property, Plant and Equipment [Abstract] |
Premises and Equipment | PREMISES AND EQUIPMENT The following table is a summary of premises and equipment as of the dates presented:
| December 31,
(dollars in thousands) | 2016 | 2015
Land | $ | 6,397 |  | $ | 8,699 |
Premises | 52,696 |  | 52,968 |
Furniture and equipment | 32,328 |  | 29,543 |
Leasehold improvements | 7,293 |  | 7,186 |
| 98,714 |  | 98,396 |
Accumulated depreciation | (53,715 | ) | (49,269 | )
Total | $ | 44,999 |  | $ | 49,127 |
Depreciation expense related to premises and equipment was $5.0 million in 2016, $4.7 million in 2015 and $3.5 million in 2014. Certain banking facilities are leased under arrangements expiring at various dates until the year 2054. We account for these leases on a straight-line basis due to escalation clauses. All leases are accounted for as operating leases, except for one capital lease. Rental expense for premises amounted to $4.1 million, $3.9 million and $2.7 million in 2016, 2015 and 2014. Included in the rental expense for premises are leases entered into with two S&T directors, which totaled $0.3 million each year in 2016, 2015 and 2014. Minimum annual rental and renewal option payments for each of the following five years and thereafter are approximately:
(dollars in thousands) | Operating |  | Capital |  | Total |
2017 | $ | 3,388 |  | $ | 76 |  | $ | 3,464 |
2018 | 3,394 |  | 76 |  | 3,470 |
2019 | 3,430 |  | 76 |  | 3,506 |
2020 | 3,380 |  | 77 |  | 3,457 |
2021 | 3,401 |  | 77 |  | 3,478 |
Thereafter | 57,864 |  | 534 |  | 58,398 |
Total | $ | 74,857 |  | $ | 916 |  | $ | 75,773 |

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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