Premises and Equipment and Lease Commitments

12 Months Ended

Dec. 31, 2014

Premises and Equipment and Lease Commitments [Abstract]

Premises and Equipment and Lease Commitments

Note 7.  Premises and Equipment and Lease Commitments

Premises and equipment at December 31, 2014 and 2013 are summarized as follows (in thousands):

	Range of Useful Lives		2014			2013
Land	Not applicable	$	19,829		$	19,281
Buildings	15 to 30 years		50,458			48,558
Leasehold improvements	15 to 20 years		21,589			20,283
Furniture and equipment	3 to 15 years		51,973			51,673
			143,849			139,795
Accumulated depreciation and amortization			(72,273	)		(67,145	)
		$	71,576		$	72,650

Depreciation and amortization expense was approximately $5.1 million, $6.0 million, and $6.6 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Pinnacle Financial has entered into various operating leases, primarily for office space and branch facilities. Rent expense related to these leases for 2014, 2013 and 2012 totaled $4.9 million, $4.4 million and $4.1 million, respectively. At December 31, 2014, the approximate future minimum lease payments due under the aforementioned operating leases for their base term are as follows (in thousands):

2015	$	4,093
2016		4,189
2017		4,042
2018		3,829
2019		3,732
Thereafter		25,285
	$	45,170