Premises And Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

The major categories of premises and equipment and accumulated depreciation are summarized as follows:



December 31 (In thousands)	2015			2014
Land	$	19,123		$	17,836
Buildings	74,525			71,002
Equipment, furniture and fixtures	47,839			42,139
Leasehold improvements	3,878			3,439
Total	$	145,365		$	134,416
Less accumulated depreciation	(85,872		)	(78,937		)
Premises and equipment, net	$	59,493		$	55,479

Depreciation expense amounted to $7.3 million, $7.2 million and $7.3 million for the years ended December 31, 2015, 2014 and 2013, respectively.

The Corporation leases certain premises and equipment accounted for as operating leases. The following is a schedule of the future minimum rental payments required for the next five years under such leases with initial terms in excess of one year:



(In thousands)
2016	$	1,475
2017	1,276
2018	1,104
2019	1,019
2020	394
Thereafter	520
Total	$	5,788

Rent expense for Park was $1.7 million, $1.7 million and $1.8 million, for the years ended December 31, 2015, 2014 and 2013, respectively.