Premises and Equipment

12 Months Ended

Dec. 31, 2011

Premises and Equipment [Abstract]

PREMISES AND EQUIPMENT

8. PREMISES AND EQUIPMENT

Premises and equipment as of the dates indicated were as follows:

	As of December 31,
	2011			2010
	(Dollars in thousands)
Land	$	7,661		$	7,661
Bank premises		46,270			46,288
Furniture and equipment		38,205			42,272
Leased property under capital lease		—			649
Premises and equipment, gross		92,136			96,870
Accumulated depreciation and amortization		(55,856	)		(55,949	)
Premises and equipment, net	$	36,280		$	40,921

The Company leases land and buildings under operating leases for varying periods extending to 2020, at which time the Company can exercise options that could extend certain leases through 2030. The future minimum annual rental payments required for leases that have initial or remaining noncancelable lease terms in excess of one year as of December 31, 2011, excluding property taxes and insurance, are as follows:

Year	Amount
	(Dollars in thousands )
2012	$	5,305
2013		4,246
2014		3,474
2015		2,951
2016		2,271
Succeeding years		4,205
Total minimum payments required	$	22,452

Total rental expense for the Company was approximately $5.8 million, $6.3 million, and $6.0 million for the years ended December 31, 2011, 2010, and 2009, respectively.