Premises And Equipment

12 Months Ended

Dec. 31, 2011

NOTE 8. PREMISES AND EQUIPMENT

The following table presents the major components of premises and equipment at December 31, 2011 and 2010:


(in thousands)
	2011			2010
Land	$	24,855		$	23,174
Buildings and improvements		127,028			115,807
Furniture, fixtures and equipment		108,599			95,909
Construction in progress		10,360			4,471

Total premises and equipment		270,842			239,361
Less: Accumulated depreciation and amortization		(118,476	)		(102,762	)

Premises and equipment, net	$	152,366		$	136,599

Depreciation expense totaled $16.5 million, $14.4 million and $12.8 million for the years ended December 31, 2011, 2010 and 2009, 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 that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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