Land, Buildings, and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Land, Buildings, and Equipment

Land, Buildings, and Equipment

A summary of land, buildings, and equipment at December 31, 2025 and 2024 is as follows:

	December 31,
	2025		2024
	(dollars in thousands)
Land	$	58,316	59,321
Buildings and improvements	306,067		294,479
Equipment	67,410		64,649
Right of use assets, net of amortization	31,281		30,187
Total land, buildings and equipment	463,074		448,636
Less accumulated depreciation	247,143		233,320
Total land, buildings and equipment, net	$	215,931	215,316

The following table shows the estimated future depreciation expense based on existing asset balances as of December 31, 2025 (in thousands):

2026	$	14,763
2027	12,515
2028	11,387
2029	10,066
2030	8,840
Thereafter	68,762

Depreciation of buildings charged to operating expense was approximately $8.3 million and $8.4 million in 2025 and 2024, respectively, and is included in net occupancy expense on the consolidated statements of income. Depreciation of equipment charged to operating expense was approximately $7.3 million and $7.4 million in 2025 and 2024, respectively, and is included in equipment expense on the consolidated statements of income.