Premises and Equipment

12 Months Ended

Dec. 31, 2018

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, 2018			December 31, 2017
Land	$	47,511		31,370
Buildings and construction in progress	231,854			182,592
Furniture, fixtures and equipment	90,030			83,177
Leasehold improvements	9,370			8,085
Accumulated depreciation	(137,237		)	(127,876	)
Net premises and equipment	$	241,528		177,348

Depreciation expense for the years ended December 31, 2018, 2017, and 2016 was $16,019,000, $14,758,000, and $15,294,000, respectively.

Operating and Capital Leases

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, 2018, 2017, and 2016 was $4,224,000, $3,629,000, and $3,255,000, respectively. The Company has included capital leases in premises and equipment and amortization 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, 2018, 2017, and 2016 was $12,000, $164,000, and $153,000, 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, 2018 are as follows:

(Dollars in thousands)	Capital Leases		Operating Leases	Total
Years ending December 31,
2019	$	92	3,192	3,284
2020	92		2,682	2,774
2021	7		2,145	2,152
2022	—		1,427	1,427
2023	—		943	943
Thereafter	—		5,352	5,352
Total minimum lease payments	191		15,741	15,932
Less: Amount representing interest	10
Present value of minimum lease payments	181
Less: Current portion of obligations under capital leases	84
Long-term portion of obligations under capital leases	$	97