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Premises and Equipment
12 Months Ended
Dec. 31, 2017
Premises and Equipment  
Premises and Equipment

6. Premises and Equipment

 

At December 31, 2017 and 2016, premises and equipment were comprised of the following:

 

 

 

 

 

 

 

 

 

 

December 31, 

(dollars in thousands)

    

2017

    

2016

Buildings

 

$

279,635

 

$

279,563

Furniture and equipment

 

 

80,519

 

 

76,832

Land

 

 

88,031

 

 

89,164

Leasehold improvements

 

 

46,996

 

 

52,657

Total premises and equipment

 

 

495,181

 

 

498,216

Less: Accumulated depreciation and amortization

 

 

205,966

 

 

197,428

Net book value

 

$

289,215

 

$

300,788

 

Depreciation and amortization expenses included in occupancy and equipment expenses for 2017, 2016 and 2015 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

(dollars in thousands)

    

2017

    

2016

    

2015

Occupancy

 

$

8,852

 

$

8,901

 

$

9,039

Equipment

 

 

6,426

 

 

5,898

 

 

5,507

Total

 

$

15,278

 

$

14,799

 

$

14,546

 

The Company, as a lessor, leases certain properties that it owns. The cost and accumulated depreciation related to leased properties were $289.0 million and $126.0 million, respectively, as of December 31, 2017, and $292.5 million and $122.9 million, respectively, as of December 31, 2016.