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Premises and Equipment
12 Months Ended
Dec. 31, 2016
Premises and Equipment  
Premises and Equipment

6. Premises and Equipment

 

At December 31, 2016 and 2015, premises and equipment were comprised of the following:

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

(dollars in thousands)

    

2016

    

2015

 

Buildings

 

$

279,563

 

$

277,133

 

Furniture and equipment

 

 

76,832

 

 

74,965

 

Land

 

 

89,164

 

 

89,164

 

Leasehold improvements

 

 

52,657

 

 

48,969

 

Total premises and equipment

 

 

498,216

 

 

490,231

 

Less: Accumulated depreciation and amortization

 

 

197,428

 

 

185,127

 

Net book value

 

$

300,788

 

$

305,104

 

 

Depreciation and amortization expenses included in occupancy and equipment expenses for 2016, 2015 and 2014 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(dollars in thousands)

    

2016

    

2015

    

2014

 

Occupancy

 

$

8,901

 

$

9,039

 

$

8,540

 

Equipment

 

 

5,898

 

 

5,507

 

 

4,584

 

Total

 

$

14,799

 

$

14,546

 

$

13,124

 

 

The Company, as a lessor, leases certain properties that it owns. The cost and accumulated depreciation related to leased properties were $292.5 million and $122.9 million, respectively, as of December 31, 2016, and $290.2 million and $115.5 million, respectively, as of December 31, 2015.