PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET

NOTE 10—PREMISES AND EQUIPMENT, NET

        The following table presents the components of premises and equipment as of the dates indicated:

	December 31,
	2013			2012
	(In thousands)
Land	$	6,755		$	2,027
Buildings		12,725			5,578
Furniture, fixtures and equipment		31,080			28,272
Leasehold improvements		26,091			23,996
Premises and equipment, gross		76,651			59,873
Less: accumulated depreciation and amortization		(44,216	)		(40,370	)
Premises and equipment, net	$	32,435		$	19,503

        Depreciation and amortization expense was $6.0 million, $5.4 million, and $5.4 million for the years ended December 31, 2013, 2012, and 2011, respectively.

        We have obligations under a number of noncancelable operating leases for premises and equipment. The following table presents future minimum rental payments under noncancelable operating leases as of December 31, 2013:

Estimated Lease Payments for Year Ending December 31,	Amount
	(In thousands)
2014	$	17,279
2015		15,055
2016		12,317
2017		9,824
2018		7,461
Thereafter		12,449
Total	$	74,385

        Total gross rental expense for the years ended December 31, 2013, 2012, and 2011 was $17.6 million, $16.8 million, and $16.7 million, respectively. Most of the leases provide that the Company pays maintenance, insurance and certain other operating expenses applicable to the leased premises in addition to the monthly rental payments.

        Total rental income for the years ended December 31, 2013, 2012, and 2011, was approximately $750,000, $505,000, and $587,000, respectively. The future minimum rental payments to be received under noncancelable subleases are $2.6 million.