Premises And Equipment

12 Months Ended

Dec. 31, 2018

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)	2018			2017
Land	$	20,062		$	19,603
Buildings	79,706			77,711
Equipment, furniture and fixtures	65,659			55,799
Leasehold improvements	4,791			3,273
Total	$	170,218		$	156,386
Less accumulated depreciation	(110,447		)	(100,485		)
Premises and equipment, net	$	59,771		$	55,901

Depreciation expense amounted to $8.6 million, $8.6 million and $8.4 million for the years ended December 31, 2018, 2017 and 2016, respectively.

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

(In thousands)
2019	$	2,839
2020	2,072
2021	1,653
2022	1,576
2023	1,420
Thereafter	810
Total	$	10,370

Rent expense for Park was $2.4 million, $2.0 million and $2.1 million, for the years ended December 31, 2018, 2017 and 2016, respectively.