Premises and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

Major classifications of premises and equipment at December 31, 2016 and 2015 are summarized as follows:



(Dollars in thousands)	2016		2015
Land	$	285,612	$	279,932
Premises and leasehold improvements	1,130,650		1,089,644
Furniture and equipment	443,560		441,378
Total	1,859,822		1,810,954
Less accumulated depreciation and amortization	726,778		675,125
Total premises and equipment	$	1,133,044	$	1,135,829

There were no premises pledged to secure borrowings at December 31, 2016 and 2015.

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, 2016:



(Dollars in thousands)	Year ended December 31
2017	$	26,068
2018	22,000
2019	13,295
2020	7,081
2021	6,114
Thereafter	43,133
Total minimum payments	$	117,691

Total rent expense for all operating leases amounted to $13.0 million in 2016, $13.8 million in 2015 and $18.5 million in 2014, net of rent income, which was $6.5 million, $6.4 million and $2.7 million during 2016, 2015 and 2014, respectively.