Premises and Equipment, Net

12 Months Ended

Dec. 31, 2011

Premises and Equipment, Net [Abstract]

(9)	Premises and Equipment, Net

A summary of premises and equipment follows:

	December 31,
(In thousands)	2011		2010
Land, buildings, and improvements	$	103,399	$	95,970
Equipment		47,646		72,326
Construction in progress		75		342
Premises and equipment before accumulated depreciation		151,120		168,638
Accumulated depreciation		76,579		101,234
Total premises and equipment	$	74,541	$	67,404

Land, buildings, and improvements with a carrying value of approximately $2.9 million and $3.0 million at December 31, 2011 and 2010, respectively, are pledged to secure long-term borrowings. Buildings and improvements are depreciated based on useful lives of 15 to 40 years. Equipment is depreciated based on useful lives of three to ten years. During 2011, a physical inventory was conducted resulting in an entry to remove certain fully depreciated assets determined to be no longer in use, with a gross amount totaling approximately $27.1 million. The entry had no impact on the Company's net book value of fixed assets.

Rental expense included in occupancy expense amounted to $5.9 million in 2011, $5.5 million in 2010, and $5.3 million in 2009. The future minimum rental payments related to noncancelable operating leases with original terms of one year or more are as follows at December 31, 2011 (in thousands):

Future Minimum Rental Payments

2012	$	5,337
2013		5,200
2014		4,786
2015		4,365
2016		4,121
Thereafter		25,081
Total	$	48,890

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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