Premises and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

The following table is a summary of premises and equipment as of the dates presented:

	December 31,
(dollars in thousands)	2015			2014
Land	$	8,699		$	6,193
Premises	52,968			44,690
Furniture and equipment	29,543			26,661
Leasehold improvements	7,186			6,545
	98,396			84,089
Accumulated depreciation	(49,269		)	(45,923		)
Total	$	49,127		$	38,166

Depreciation expense related to premises and equipment was $4.7 million in 2015, $3.5 million in 2014 and $3.5 million in 2013.

Certain banking facilities are leased under arrangements expiring at various dates until the year 2054. We account for these leases on a straight-line basis due to escalation clauses. All leases are accounted for as operating leases, except for one capital lease. Rental expense for premises amounted to $3.9 million, $2.7 million and $2.5 million in 2015, 2014 and 2013. Included in the rental expense for premises are leases entered into with two S&T directors, which totaled $0.2 million each year in 2015, 2014 and 2013.

Minimum annual rental and renewal option payments for each of the following five years and thereafter are approximately:

(dollars in thousands)	Operating		Capital		Total
2016	$	2,860	$	76	$	2,936
2017	2,895		76		2,971
2018	2,899		76		2,975
2019	2,913		77		2,990
2020	2,857		77		2,934
Thereafter	53,107		610		53,717
Total	$	67,531	$	992	$	68,523