Premises and Equipment (Notes)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

Major classifications of premises and equipment at December 31, 2015 and 2014 are summarized as follows:



(Dollars in thousands)	2015		2014
Land	$	279,932	$	284,682
Premises and leasehold improvements	1,089,644		1,056,126
Furniture and equipment	441,378		444,774
Total	1,810,954		1,785,582
Less accumulated depreciation and amortization	675,125		660,501
Total premises and equipment	$	1,135,829	$	1,125,081

There were no premises pledged to secure borrowings at December 31, 2015 and 2014.

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, 2015:



(Dollars in thousands)	Year ended December 31
2016	$	18,543
2017	14,415
2018	11,017
2019	8,040
2020	5,589
Thereafter	43,407
Total minimum payments	$	101,011

Total rent expense for all operating leases amounted to $13.8 million in 2015, $18.5 million in 2014 and $21.4 million in 2013, net of rent income, which was $6.4 million, $2.7 million and $1.8 million during 2015, 2014 and 2013, respectively.