XML 30 R15.htm IDEA: XBRL DOCUMENT v3.6.0.2
Premises and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Premises and Equipment
Premises and Equipment

Premises and equipment at December 31 were as follows:
(in thousands)
2016
 
2015
Land
$
9,311

 
$
9,364

Premises
75,633

 
68,876

Furniture, fixtures, and equipment
65,800

 
56,743

Accumulated depreciations and amortization
(80,728
)
 
(74,652
)
Total
$
70,016

 
$
60,331


 
Depreciation and amortization expenses in 2016, 2015 and 2014 are included in operating expenses as follows:
(in thousands)
2016
 
2015
 
2014
Premises
$
2,247

 
$
2,030

 
$
1,949

Furniture, fixtures, and equipment
4,004

 
3,730

 
3,066

Total
$
6,251

 
$
5,760

 
$
5,015



The following is a summary of the future minimum lease payments under non-cancelable operating leases as of December 31, 2016:
(in thousands)
 
2017
$
4,019

2018
3,731

2019
3,447

2020
2,837

2021
2,511

Thereafter
13,722

Total
$
30,267


 
The Company leases land, buildings and equipment under operating lease arrangements extending to the year 2090. Total gross rental expense amounted to $5.2 million in 2016, $4.9 million in 2015, and $4.8 million in 2014. Most leases include options to renew for periods ranging from 5 to 20 years. Options to renew are not included in the above future minimum rental commitments.