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Premises and Equipment
12 Months Ended
Dec. 31, 2015
Premises and Equipment  
Premises and Equipment

Note 7—Premises and Equipment

Premises and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

(Dollars in thousands)

 

Useful Life

 

2015

 

2014

 

Land

    

    

 

 

 

    

$

55,590

    

$

54,269

 

Buildings and leasehold improvements

 

15

-

40

years

 

 

139,946

 

 

139,742

 

Equipment and furnishings

 

3

-

10

years

 

 

79,585

 

 

72,671

 

Construction in process

 

 

 

 

 

 

 

3,640

 

 

611

 

Total

 

 

 

 

 

 

 

278,761

 

 

267,293

 

Less accumulated depreciation

 

 

 

 

 

 

 

(104,224)

 

 

(95,521)

 

 

 

 

 

 

 

 

$

174,537

 

$

171,772

 

 

 

Depreciation expense charged to operations was $11.1 million, $11.1 million, and $10.0 million for the years ended December 31, 2015, 2014, and 2013, respectively.

At December 31, 2015 and 2014, computer software with an original cost of $6.3 million and $6.0 million, respectively, were being amortized using the straight‑line method over thirty-six months. Amortization expense totaled $1.8 million, $1.7 million, and $1.4 million for the years ended December 31, 2015, 2014, and 2013, respectively.