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Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment

Premises and equipment include:

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Land and improvements

 

$

53,296

 

 

$

55,674

 

Buildings and improvements

 

 

210,390

 

 

 

209,573

 

Furniture and equipment

 

 

118,881

 

 

 

115,162

 

Total cost

 

 

382,567

 

 

 

380,409

 

Accumulated depreciation and amortization

 

 

(224,370

)

 

 

(218,022

)

Right of use assets

 

 

60,879

 

 

 

71,184

 

Total premises and equipment, net

 

$

219,076

 

 

$

233,571

 

Future Minimum Lease Payments Under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at December 31, 2024 are as follows (in thousands):

Year

 

Operating Leases

 

Finance Leases

 

Total

 

2025

 

$

5,498

 

$

5,127

 

$

10,625

 

2026

 

 

4,980

 

 

5,082

 

 

10,062

 

2027

 

 

4,386

 

 

4,838

 

 

9,224

 

2028

 

 

3,779

 

 

4,811

 

 

8,590

 

2029

 

 

3,316

 

 

4,826

 

 

8,142

 

2030 and thereafter

 

 

27,316

 

 

9,300

 

 

36,616

 

Total lease payments

 

$

49,275

 

$

33,984

 

$

83,259

 

Less: capitalized interest

 

 

(10,277

)

 

(6,987

)

 

(17,264

)

Present value of lease liabilities

 

$

38,998

 

$

26,997

 

$

65,995