Premises and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

The following table summarizes the Corporation's premises and equipment as of December 31, 2015 and 2014:

	2015			2014
Cost at December 31:
Land	$	26,510		$	19,373
Buildings and Leasehold Improvements	115,461			99,451
Equipment	64,892			56,606
Total Cost	206,863			175,430
Accumulated Depreciation and Amortization	(109,215		)	(97,739		)
Net	$	97,648		$	77,691

The Ameriana acquisition on December 31, 2015 and the C Financial acquisition on April 17, 2015 resulted in additions to premises and equipment of $14,491,000 and $7,290,000, respectively. Additionally, on November 7, 2014, the Community acquisition resulted in an addition to premises and equipment of $3,610,000. Details regarding the acquisitions are discussed in Note 2. ACQUISITIONS AND DIVESTITURES, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K.

The Corporation is committed under various non-cancelable lease contracts for certain subsidiary office facilities and equipment. Total lease expense for 2015, 2014 and 2013 was $3,456,000, $3,258,000 and $2,608,000, respectively. The future minimum rental commitments required under the operating leases in effect at December 31, 2015, expiring at various dates through the year 2035 are as follows for the years ending December 31:

	Future Minimum Rental Commitments
2016	$	3,076
2017	2,353
2018	1,419
2019	1,222
2020	1,060
After 2020	6,629
Total Future Minimum Obligations	$	15,759