Premises And Equipment

12 Months Ended

Dec. 31, 2017

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)	2017			2016
Land	$	19,603		$	19,577
Buildings	77,711			75,472
Equipment, furniture and fixtures	55,799			52,719
Leasehold improvements	3,273			3,400
Total	$	156,386		$	151,168
Less accumulated depreciation	(100,485		)	(93,197		)
Premises and equipment, net	$	55,901		$	57,971

Depreciation expense amounted to $8.6 million, $8.4 million and $7.3 million for the years ended December 31, 2017, 2016 and 2015, 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)
2018	$	1,726
2019	1,563
2020	865
2021	502
2022	446
Thereafter	307
Total	$	5,409

Rent expense for Park was $2.0 million, $2.1 million and $1.7 million, for the years ended December 31, 2017, 2016 and 2015, respectively.