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Premises and Equipment
 12 Months Ended
Dec. 31, 2017
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)
2017
 
2016
Land
$
6,266

 
$
6,397

Premises
51,799

 
52,696

Furniture and equipment
34,836

 
32,328

Leasehold improvements
6,643

 
7,293

 
99,544

 
98,714

Accumulated depreciation
(56,842
)
 
(53,715
)
Total
$
42,702

 
$
44,999


Depreciation expense related to premises and equipment was $5.1 million in 2017, $5.0 million in 2016 and $4.7 million in 2015.
Certain banking facilities are leased under arrangements expiring at various dates through 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 $4.0 million, $4.1 million and $3.9 million in 2017, 2016 and 2015. Included in the rental expense for premises are leases entered into with two S&T directors, which totaled $0.2 million in 2017, and $0.3 million in 2016 and 2015.
Minimum annual rental and renewal option payments for each of the following five years and thereafter are approximately:
(dollars in thousands)
Operating

 
Capital

 
Total

2018
$
3,257

 
$
76

 
$
3,333

2019
3,277

 
77

 
3,354

2020
3,312

 
77

 
3,389

2021
3,351

 
76

 
3,427

2022
3,425

 
77

 
3,502

Thereafter
55,000

 
457

 
55,457

Total
$
71,622

 
$
840

 
$
72,462