Premises and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following table summarizes premises and equipment:

	December 31,
(Dollars in thousands)	2018			2017
Land and land improvements	$	31,357		$	31,427
Buildings	133,720			130,028
Furniture and equipment	107,660			100,932
Total	272,737			262,387
Less accumulated depreciation	(149,295		)	(135,491		)
Premises and equipment, net	$	123,442		$	126,896

The Corporation leases certain branch properties and equipment under operating leases. Net rent expense was $7.7 million, $6.4 million and $3.3 million for the years ended December 31, 2018, 2017 and 2016, respectively.

During the years ended December 31, 2018 and 2017, the Corporation had no transfers and $13.2 million transferred from premises and equipment to other assets, respectively, due to branch or building operation closings/consolidations.