Premises and Equipment, Net

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET (Note 7)

At December 31, 2015 and 2014, premises and equipment, net consisted of:



	2015			2014
	(in thousands)
Land	$	80,519		$	73,734
Buildings	211,923			199,960
Leasehold improvements	70,314			74,965
Furniture and equipment	224,340			210,455
	587,096			559,114
Accumulated depreciation and amortization	(288,153		)	(276,117		)
Total premises and equipment, net	$	298,943		$	282,997

Depreciation and amortization of premises and equipment included in non-interest expense for the years ended December 31, 2015, 2014 and 2013 was approximately $21.1 million, $19.5 million, and $19.7 million, respectively.

During the fourth quarter of 2014, we sold a branch located in Manhattan for a pre-tax gain of approximately $17.8 million and entered into a long-term lease with an unrelated third party for a new location.