Premises and Equipment

12 Months Ended

Dec. 31, 2016

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, 2016			December 31, 2015
Land	$	29,648		30,108
Office buildings and construction in progress	173,886			187,787
Furniture, fixtures and equipment	84,559			78,803
Leasehold improvements	7,853			8,028
Accumulated depreciation	(119,748		)	(110,696	)
Net premises and equipment	$	176,198		194,030

Depreciation expense for the years ended December 31, 2016, 2015, and 2014 was $15,294,000, $14,365,000, and $12,108,000, 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, 2016, 2015, and 2014 was $3,255,000, $3,137,000, and $2,786,000, 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, 2016, 2015, and 2014 was $153,000, $150,000, and $146,000, 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, 2016 are as follows:

(Dollars in thousands)	Capital Leases		Operating Leases	Total
Years ending December 31,
2017	$	92	2,387	2,479
2018	92		2,146	2,238
2019	92		1,960	2,052
2020	92		1,548	1,640
2021	11		1,111	1,122
Thereafter	—		3,905	3,905
Total minimum lease payments	379		13,057	13,436
Less: Amount representing interest	44
Present value of minimum lease payments	335
Less: Current portion of obligations under capital leases	75
Long-term portion of obligations under capital leases	$	260