Premises and Equipment, Net

12 Months Ended

Dec. 31, 2014

Premises and Equipment, Net [Abstract]

Premises and Equipment, Net

PREMISES AND EQUIPMENT, NET

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

	December 31,
	2014			2013
	(In thousands)
Land	$	5,505		$	6,755
Buildings	14,198			12,725
Furniture, fixtures and equipment	32,359			31,080
Leasehold improvements	33,157			26,091
Premises and equipment, gross	85,219			76,651
Less: accumulated depreciation and amortization	(48,668		)	(44,216		)
Premises and equipment, net	$	36,551		$	32,435

Depreciation and amortization expense was $8.4 million, $6.0 million, and $5.4 million for the years ended December 31, 2014, 2013, and 2012.

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, 2014:

Estimated Lease Payments for Year Ending December 31,	Amount
	(In thousands)
2015	$	26,767
2016	22,978
2017	20,009
2018	17,293
2019	13,626
Thereafter	43,943
Total	$	144,616

Total gross rental expense for the years ended December 31, 2014, 2013, and 2012, was $23.8 million, $17.6 million, $16.8 million. 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, 2014, 2013, and 2012, was approximately $589,000, $750,000, and $505,000. The future minimum rental payments to be received under noncancelable subleases are $29.3 million.