Premises and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

10. PREMISES AND EQUIPMENT

Premises and equipment were comprised of the following as of December 31, 2014 and 2013, respectively:


	As of December 31,
	2014			2013
	(Dollars in thousands)
Land	$	8,425		$	8,329
Bank premises		48,481			47,535
Furniture and equipment		39,272			39,502

Premises and equipment, gross		96,178			95,366
Accumulated depreciation and amortization		(62,587	)		(62,535	)

Premises and equipment, net	$	33,591		$	32,831

Leases

The Company leases land and buildings under operating leases for varying periods extending to 2022, at which time the Company can exercise options that could extend certain leases through 2034. 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, 2014, excluding property taxes and insurance, are as follows:


Year:	As of December 31, 2014
	(Dollars in thousands)
2015	$	5,479
2016		4,915
2017		4,053
2018		2,746
2019		1,567
Thereafter		845

Total	$	19,605

Total rental expense for the Company was approximately $5.7 million, $5.5 million and $5.6 million for the years ended December 31, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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