XML 28 R14.htm IDEA: XBRL DOCUMENT v3.6.0.2
Premises and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Premises and Equipment

NOTE 6. PREMISES AND EQUIPMENT

Premises and equipment include:

 

     December 31,  

(in thousands)

   2016     2015  

Land and improvements

   $ 43,059      $ 32,665   

Buildings and improvements

     136,546        121,645   

Furniture and equipment

     72,050        71,959   
  

 

 

   

 

 

 

Total cost

     251,655        226,269   

Accumulated depreciation and amortization

     (118,358     (114,066
  

 

 

   

 

 

 

Total premises and equipment, net

   $ 133,297      $ 112,203   
  

 

 

   

 

 

 

Depreciation and amortization expense of premises and equipment charged to operations for the years ended December 31, 2016, 2015 and 2014 was $9.2 million, $8.1 million and $7.4 million, respectively.

WesBanco leases certain premises and equipment under non-cancellable operating leases. Certain leases contain renewal options and rent escalation clauses calling for rent increases over the term of the lease. All leases which contain a rent escalation clause are accounted for on a straight-line basis. Rent expense under leases was $3.5 million, $3.1 million and $2.7 million for the years ended December 31, 2016, 2015 and 2014, respectively.

 

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at December 31, 2016 are as follows (in thousands):

 


Year

   Amount  

2017

   $ 4,340   

2018

     3,366   

2019

     2,823   

2020

     2,694   

2021

     2,221   

2022 and thereafter

     14,649   
  

 

 

 

Total

   $ 30,093