Premises and Equipment

12 Months Ended

Dec. 31, 2011

Premises and Equipment [Abstract]

Premises and Equipment

Note 14 — Premises and Equipment

Premises and equipment balances and estimated useful lives are as follows:

	Estimated Useful Lives	December 31,
		2011			2010
		(Dollars in thousands)
Land	—	$	64,095		$	88,961
Office buildings	31.5 years		127,591			158,399
Computer hardware and software	3 — 5 years		128,543			109,222
Furniture, fixtures and equipment	5 — 7 years		71,306			77,038
Automobiles	3 years		252			231
Total			391,787			433,851
Less accumulated depreciation			(188,209	)		(201,648	)
		$	203,578		$	232,203

Depreciation expense amounted to approximately $15.2 million, $17.8 million, and $18.5 million, for the years ended December 31, 2011, 2010 and 2009, respectively.

The Company conducts a portion of its business from leased facilities. Such leases are considered to be operating leases based on their lease terms. Lease rental expense totaled approximately $6.5 million, $6.9 million, and $10.1 million for the years ended December 31, 2011, 2010 and 2009, respectively.

The following outlines the Company’s minimum contractual lease obligations as of:

	December 31, 2011
	(Dollars in thousands)
2012	$	5,605
2013		5,241
2014		4,644
2015		3,617
2016		2,303
Thereafter		1,368
Total	$	22,778