Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

The following table presents the major components of premises and equipment at December 31, 2013 and 2012:

(in thousands)



	2013			2012
Land	$	26,438		$	26,438
Buildings and improvements	153,771			134,464
Furniture, fixtures and equipment	131,691			121,086
Construction in progress	13,172			10,488
Total premises and equipment	325,072			292,476
Less: Accumulated depreciation and amortization	(147,392		)	(129,809		)
Premises and equipment, net	$	177,680		$	162,667

Depreciation expense totaled $20.5 million, $17.6 million and $16.5 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Umpqua’s subsidiaries have entered into a number of non-cancelable lease agreements with respect to premises and equipment. See Note 20 for more information regarding rental expense, net of rent income, and minimum annual rental commitments under non-cancelable lease agreements.

- 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.

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