Premises And Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

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

December 31 (In thousands)	2016			2015
Land	$	19,577		$	19,123
Buildings	75,472			74,525
Equipment, furniture and fixtures	52,719			47,839
Leasehold improvements	3,400			3,878
Total	$	151,168		$	145,365
Less accumulated depreciation	(93,197		)	(85,872		)
Premises and equipment, net	$	57,971		$	59,493

Depreciation expense amounted to $8.4 million, $7.3 million and $7.2 million for the years ended December 31, 2016, 2015 and 2014, 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)
2017	$	1,508
2018	1,269
2019	1,178
2020	621
2021	422
Thereafter	700
Total	$	5,698

Rent expense for Park was $2.1 million, $1.7 million and $1.7 million, for the years ended December 31, 2016, 2015 and 2014, respectively.