Premises and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

Premises and equipment, net of accumulated depreciation, consist of the following:

(Dollars in thousands)	December 31, 2015			December 31, 2014
Land	$	30,108		27,605
Office buildings and construction in progress	187,787			172,544
Furniture, fixtures and equipment	78,803			70,622
Leasehold improvements	8,028			7,813
Accumulated depreciation	(110,696		)	(99,409	)
Net premises and equipment	$	194,030		179,175

Depreciation expense for the years ended December 31, 2015, 2014, and 2013 was $14,365,000, $12,108,000, and $10,485,000, respectively.

The Company leases certain land, premises and equipment from third parties under operating and capital leases. Total rent expense for the years ended December 31, 2015, 2014, and 2013 was $3,137,000, $2,786,000, and $2,912,000, respectively. Amortization of building capital lease assets is included in depreciation. The Company has entered into lease transactions with related parties. Rent expense with such related parties for the years ended December 31, 2015, 2014, and 2013 was $150,000, $146,000, and $142,000, respectively.

The total future minimum rental commitments required under operating and capital leases that have initial or remaining noncancelable lease terms in excess of one year at December 31, 2015 are as follows:

(Dollars in thousands)	Capital Leases		Operating Leases	Total
Years ending December 31,
2016	$	92	2,443	2,535
2017	92		2,132	2,224
2018	92		1,877	1,969
2019	92		1,682	1,774
2020	92		1,160	1,252
Thereafter	11		3,202	3,213
Total minimum lease payments	471		12,496	12,967
Less: Amount representing interest	64
Present value of minimum lease payments	407
Less: Current portion of obligations under capital leases	72
Long-term portion of obligations under capital leases	$	335