Premises and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment Disclosure [Text Block]

PREMISES AND EQUIPMENT

Premises and equipment consisted of the following:



	As of December 31,
	2017		2016
	(In thousands)
Leasehold improvements	$	51,161	$	46,031
Furniture, fixtures, and equipment	39,618		53,156
Buildings	3,159		3,159
Subtotal	93,938		102,346
Less: accumulated depreciation and amortization	56,298		70,519
Premises and equipment, net	$	37,640	$	31,827

Depreciation and amortization expense related to premises and equipment was $8.1 million, $6.8 million, and $6.6 million for the years ended December 31, 2017, 2016, and 2015, respectively.

The Company is obligated for minimum payments under non-cancelable operating leases. In accordance with the terms of these leases, the Company is currently committed to minimum annual payments as follows:



	Minimum lease payments
	(In thousands)
2018	$	21,066
2019	20,504
2020	19,718
2021	19,460
2022	19,221
Thereafter	58,076
Total	$	158,045

Rent expense for the years ended December 31, 2017, 2016, and 2015 was $21.4 million, $19.6 million and $19.0 million, respectively.