Premises and Equipment

12 Months Ended

Dec. 31, 2015

Premises and Equipment

Premises and Equipment

8. Premises and Equipment

The components of premises and equipment are summarized as follows (in thousands).

	December 31,
	2015		2014
Land and premises	$	122,221	$	122,560
Furniture and equipment		166,423		142,255
		288,644		264,815
Less accumulated depreciation and amortization		(88,026)		(57,824)
	$	200,618	$	206,991

The amounts shown above include assets recorded under capital leases of $7.8 million and $6.6 million, net of accumulated amortization of $1.8 million and $1.2 million at December 31, 2015 and 2014, respectively.

Occupancy expense was reduced by rental income of $2.2 million, $2.4 million and $1.8 million during 2015,  2014 and 2013, respectively. Depreciation and amortization expense on premises and equipment, which includes amortization of capital leases, amounted to $37.2 million, $30.7 million and $24.8 million during2015,  2014 and 2013, respectively.