Premises and Equipment, Net

12 Months Ended

Dec. 31, 2016

Premises and Equipment, Net [Abstract]

NOTE 9. PREMISES AND EQUIPMENT, NET

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



	December 31,
	2016			2015
	(In thousands)
Land	$	5,505		$	5,505
Buildings	14,929			14,564
Furniture, fixtures and equipment	38,806			36,234
Leasehold improvements	38,967			37,773
Premises and equipment, gross	98,207			94,076
Less: accumulated depreciation and amortization	(59,613		)	(54,879		)
Premises and equipment, net	$	38,594		$	39,197

Depreciation and amortization expense was $8.2 million, $8.1 million, and $8.4 million for the years ended December 31, 2016, 2015, and 2014.

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 the date indicated:



	December 31, 2016
	(In thousands)
Estimated Lease Payments for Year Ending December 31,
2017	$	29,300
2018	28,663
2019	25,136
2020	22,152
2021	18,557
2022 and thereafter	37,443
Total	$	161,251

Total gross rental expense for the years ended December 31, 2016, 2015, and 2014, was $30.0 million, $26.2 million, and $23.8 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, 2016, 2015, and 2014, was approximately $500,000, $487,000, and $589,000. The future minimum rental payments to be received under noncancelable subleases are $24.5 million through September 2025.