Premises and Equipment, Net

12 Months Ended

Dec. 31, 2015

Premises and Equipment, Net [Abstract]

Premises and Equipment, Net

NOTE 9.  PREMISES AND EQUIPMENT, NET

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

	December 31,
	2015			2014
	(In thousands)
Land	$	5,505		$	5,505
Buildings	14,564			14,198
Furniture, fixtures and equipment	36,234			32,359
Leasehold improvements	37,773			33,157
Premises and equipment, gross	94,076			85,219
Less: accumulated depreciation and amortization	(54,879		)	(48,668		)
Premises and equipment, net	$	39,197		$	36,551

Depreciation and amortization expense was $8.1 million, $8.4 million, and $6.0 million for the years ended December 31, 2015, 2014, and 2013.

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, 2015:

Estimated Lease Payments for Year Ending December 31,	Amount
	(In thousands)
2016	$	29,730
2017	27,201
2018	24,238
2019	20,792
2020	17,727
Thereafter	46,692
Total	$	166,380

Total gross rental expense for the years ended December 31, 2015, 2014, and 2013, was $26.2 million, $23.8 million, $17.6 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, 2015, 2014, and 2013, was approximately $487,000, $589,000, and $750,000. The future minimum rental payments to be received under noncancelable subleases are $27.3 million through September 2025.