Premises and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following table summarizes premises and equipment:

	December 31,
(Dollars in thousands)	2016			2015
Land and land improvements	$	36,185		$	28,447
Buildings	144,155			120,370
Furniture and equipment	91,963			77,882
Total	272,303			226,699
Less accumulated depreciation	(127,291		)	(120,382		)
Premises and equipment, net	$	145,012		$	106,317

The Corporation leases certain branch properties and equipment under operating leases. Net rent expense was $3.3 million, $1.7 million and $1.2 million for the years ended December 31, 2016, 2015 and 2014, respectively.

During the years ended December 31, 2016 and 2015 the Corporation transferred $4.8 million and $2.7 million from premises and equipment to other assets, respectively, due to branch or building operation closings/consolidations.