Premises and Equipment and Lease Commitments

12 Months Ended

Dec. 31, 2015

Premises and Equipment and Lease Commitments [Abstract]

Premises and Equipment and Lease Commitments

Note 8.  Premises and Equipment and Lease Commitments

Premises and equipment at December 31, 2015 and 2014 are summarized as follows (in thousands):

	Range of Useful Lives	2015			2014
Land	Not applicable	$	19,848		$	19,829
Buildings	15 to 30 years		60,218			50,458
Leasehold improvements	15 to 20 years		22,485			21,589
Furniture and equipment	3 to 15 years		56,139			51,973
			158,690			143,849
Accumulated depreciation and amortization			(80,766	)		(72,273	)
		$	77,924		$	71,576

Depreciation and amortization expense was approximately $8.5 million, $5.1 million, and $6.0 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Pinnacle Financial has entered into various operating leases, primarily for office space and branch facilities. Rent expense related to these leases for 2015, 2014 and 2013 totaled $5.9 million, $4.9 million and $4.4 million, respectively. At December 31, 2015, the approximate future minimum lease payments due under the aforementioned operating leases for their base term are as follows (in thousands):

2016	$	6,007
2017		5,043
2018		4,294
2019		4,247
2020		4,225
Thereafter		26,132
	$	49,948