Premises and Equipment (Notes)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

PREMISES and EQUIPMENT

PREMISES AND EQUIPMENT

Major classifications of premises and equipment at December 31, 2014 and 2013 are summarized as follows:

(Dollars in thousands)	2014		2013
Land	$	295,090	$	204,259
Premises and leasehold improvements	1,045,718		875,511
Furniture and equipment	444,774		394,348
Total	1,785,582		1,474,118
Less accumulated depreciation and amortization	660,501		597,596
Total premises and equipment	$	1,125,081	$	876,522

There were no premises pledged to secure borrowings at December 31, 2014 and 2013.

BancShares leases certain premises and equipment under various lease agreements that provide for payment of property taxes, insurance and maintenance costs. Operating leases frequently provide for one or more renewal options on the same basis as current rental terms. However, certain leases require increased rentals under cost of living escalation clauses. Some leases also provide purchase options.

Future minimum rental commitments for noncancellable operating leases with initial or remaining terms of one or more years consisted of the following at December 31, 2014:

(Dollars in thousands)	Year ended December 31
2015	$	16,834
2016	11,598
2017	8,463
2018	6,274
2019	4,445
Thereafter	40,112
Total minimum payments	$	87,726

Total rent expense for all operating leases amounted to $18.5 million in 2014, $21.4 million in 2013 and $23.6 million in 2012, net of rent income, which totaled $2.7 million, $1.8 million and $1.7 million during 2014, 2013 and 2012, respectively.