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

Note 7—Premises and Equipment

Premises and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

(Dollars in thousands)

 

Useful Life

 

2016

 

2015

 

Land

    

    

 

 

 

    

$

56,454

    

$

55,590

 

Buildings and leasehold improvements

 

15

-

40

years

 

 

148,404

 

 

139,946

 

Equipment and furnishings

 

3

-

10

years

 

 

88,323

 

 

79,585

 

Construction in process

 

 

 

 

 

 

 

3,613

 

 

3,640

 

Total

 

 

 

 

 

 

 

296,794

 

 

278,761

 

Less accumulated depreciation

 

 

 

 

 

 

 

(113,284)

 

 

(104,224)

 

 

 

 

 

 

 

 

$

183,510

 

$

174,537

 

 

Depreciation expense charged to operations was $11.5 million, $11.1 million, and $11.1 million for the years ended December 31, 2016, 2015, and 2014, respectively.

At December 31, 2016 and 2015, computer software with an original cost of $9.7 million and $6.3 million, respectively, were being amortized using the straight‑line method over thirty-six months. Amortization expense totaled $2.3 million, $1.8 million, and $1.7 million for the years ended December 31, 2016, 2015, and 2014, respectively.