Premises and Equipment, Net

12 Months Ended

Dec. 31, 2018

Premises and Equipment, Net [Abstract]

NOTE 8. PREMISES AND EQUIPMENT, NET

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



	December 31,
	2018			2017
	(In thousands)
Land	$	1,243		$	1,243
Buildings	8,309			8,154
Furniture, fixtures and equipment	45,204			43,250
Leasehold improvements	50,214			42,521
Premises and equipment, gross	104,970			95,168
Less: accumulated depreciation and amortization	(70,309		)	(63,316		)
Premises and equipment, net	$	34,661		$	31,852

Depreciation and amortization expense was $9.4 million, $7.6 million, and $8.2 million for the years ended December 31, 2018, 2017, and 2016.

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, 2018
	(In thousands)
Estimated Lease Payments for Year Ending December 31,
2019	$	32,845
2020	30,267
2021	26,852
2022	20,862
2023	17,745
2024 and thereafter	29,923
Total	$	158,494

Total gross rental expense for the years ended December 31, 2018, 2017, and 2016, was $34.3 million, $31.7 million, and $30.0 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, 2018, 2017, and 2016, was $553,000, $481,000, and $500,000. As of December 31, 2018, the future minimum rental payments to be received under noncancelable subleases were $17.4 million through September 2025.