TCF Bank 2012 Annual Report Download - page 94
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Note 8. Premises and Equipment
Premises and equipment are summarized as follows.
At December 31,
(In thousands) 2012 2011
Land $152,265 $145,583
Office buildings 274,673 272,036
Leasehold improvements 62,475 63,612
Furniture and equipment 290,050 319,679
Subtotal 779,463 800,910
Less accumulated depreciation
and amortization 338,997 364,629
Total $440,466 $436,281
TCF leases certain premises and equipment under
operating leases. Net lease expense including utilities and
other operating expenses was $35.5 million, $34.4 million
and $34.7 million in 2012, 2011 and 2010, respectively.
At December 31, 2012, the total future minimum rental
payments for operating leases of premises and equipment
are as follows.
(In thousands)
2013 $ 26,028
2014 27,014
2015 25,207
2016 22,222
2017 21,156
Thereafter 70,752
Total $192,379
{ 78 } { TCF Financial Corporation and Subsidiaries }