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Premises and Equipment
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Premises and Equipment
Premises and Equipment
 
A. A summary of premises and equipment is as follows:
 
December 31,
(dollars in thousands)
2018
 
2017
Land
$
11,219

 
$
9,522

Buildings
40,947

 
31,376

Furniture and equipment.
44,862

 
38,775

Leasehold improvements
25,186

 
26,636

Construction in progress
4,400

 
4,171

Less: accumulated depreciation
(60,966
)
 
(56,022
)
Total
$
65,648

 
$
54,458


 
Depreciation and amortization expense related to the assets detailed in the above table for the years ended December 31, 2018, 2017, and 2016 amounted to $6.6 million, $5.7 million, and $5.8 million, respectively.





B. Future minimum cash rent commitments under various operating leases as of December 31, 2018 are as follows:
(dollars in thousands)
Commitments
2019
$
5,211

2020
4,700

2021
4,478

2022
4,203

2023
4,051

2024 and thereafter
41,845

Total
$
64,488


 
Rent expense on leased premises and equipment for the years ended December 31, 2018, 2017, and 2016 amounted to $5.2 million, $4.7 million, and $4.6 million, respectively.