PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

Note 6 – Premises and Equipment

Presented in the following table are the components of premises and equipment at December 31:

(In thousands)		2016		2015
Land		$	10,160	$	9,954
Buildings and leasehold improvements			62,215		61,357
Equipment			35,152		31,419
	Total premises and equipment		107,527		102,730
Less: accumulated depreciation and amortization			(53,965)		(49,516)
	Net premises and equipment	$	53,562	$	53,214

Depreciation and amortization expense for premises and equipment amounted to $5.3 million, $4.6 million and $4.6 million for each of the years ended December 31, 2016, 2015and 2014, respectively.

Total rental expense of premises and equipment, net of rental income, for the years ended December 31, 2016, 2015and 2014was $7.6 million, $7.3 million and $7.6 million, respectively. Lease commitments entered into by the Company bear initial terms varying from 3 to 15 years, or they are 20-year ground leases, and are associated with premises.

Future minimum lease payments, including any additional rents due to escalation clauses, for all non-cancelable operating leases within the years ending December 31 are presented in the table below:

		Operating
(In thousands)		Leases
2017		$	6,133
2018			5,042
2019			5,152
2020			4,577
2021			4,153
Thereafter			14,007
	Total minimum lease payments	$	39,064