Premises and Equipment

12 Months Ended

Dec. 31, 2017

Property Plant And Equipment Abstract

Property Plant And Equipment Disclosure Text Block

NOTE 10— PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2017 and 2016 are stated at cost less accumulated depreciation and amortization as follows:

	Useful Life		December 31,
	(Years)	2017		2016
		(In thousands)
Land	—	$	5,638	$	5,638
Buildings and improvements	40		64,277		64,048
Leasehold improvements	5 — 10		20,647		20,414
Furniture and fixtures	3 — 7		16,242		14,479
Information technology and other	3 — 7		28,783		26,003
			135,587		130,582
Less: accumulated depreciation and amortization			(67,727)		(60,175)
		$	67,860	$	70,407

Depreciation and amortization of premises and equipment totaled $9.0million in 2017, $9.4million in 2016 and $11.1 million in 2015. These are included in the consolidated statements of operations as part of occupancy and equipment expenses.