Premises and Equipment (Notes)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

PREMISES and EQUIPMENT

PREMISES AND EQUIPMENT

Major classifications of premises and equipment at December 31, 2013, and 2012, are summarized as follows:

	2013		2012
	(dollars in thousands)
Land	$	204,259	$	202,168
Premises and leasehold improvements	875,511		840,149
Furniture and equipment	394,348		390,345
Total	1,474,118		1,432,662
Less accumulated depreciation and amortization	597,596		549,894
Total premises and equipment	$	876,522	$	882,768

There were no premises pledged to secure borrowings at December 31, 2013, and 2012.

BancShares leases certain premises and equipment under various lease agreements that provide for payment of property taxes, insurance and maintenance costs. Operating leases frequently provide for one or more renewal options on the same basis as current rental terms. However, certain leases require increased rentals under cost of living escalation clauses. Some leases also provide purchase options.

Future minimum rental commitments for noncancellable operating leases with initial or remaining terms of one or more years consisted of the following at December 31, 2013:

Year ended December 31
(dollars in thousands)
2014	$	17,181
2015	13,004
2016	8,539
2017	5,969
2018	4,574
Thereafter	41,554
Total minimum payments	$	90,821

Total rent expense for all operating leases amounted to $21.4 million in 2013, $23.6 million in 2012 and $24.7 million in 2011, net of rent income, which totaled $1.8 million, $1.7 million and $1.7 million during 2013, 2012 and 2011, respectively.