Premises and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following table summarizes premises and equipment:

	December 31,
(Dollars in thousands)	2017			2016
Land and land improvements	$	31,427		$	36,185
Buildings	130,028			144,155
Furniture and equipment	100,932			91,963
Total	262,387			272,303
Less accumulated depreciation	(135,491		)	(127,291		)
Premises and equipment, net	$	126,896		$	145,012

The Corporation leases certain branch properties and equipment under operating leases. Net rent expense was $6.4 million, $3.3 million and $1.7 million for the years ended December 31, 2017, 2016 and 2015, respectively.

During the years ended December 31, 2017 and 2016 the Corporation transferred $13.2 million and $4.8 million from premises and equipment to other assets, respectively, due to branch or building operation closings/consolidations.