Premises and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

Premises and equipment consist of the following at December 31, 2025 and 2024:

(In thousands)	2025		2024
Land	$	86,278	$	86,378
Buildings and improvements	778,615		750,464
Equipment	251,769		240,046
Right of use leased assets	31,526		31,332
Total	1,148,188		1,108,220
Less accumulated depreciation	662,488		632,945
Net premises and equipment	$	485,700	$	475,275

Depreciation expense of $42.1 million in 2025, $40.0 million in 2024, and $36.1 million in 2023, was included in occupancy expense and equipment expense in the consolidated statements of income. Repairs and maintenance expense of $18.9 million, $18.3 million, and $18.5 million for 2025, 2024 and 2023, respectively, was included in occupancy expense and equipment expense. There was no interest expense capitalized on construction projects in 2025. Interest expense capitalized on construction projects totaled $2 thousand and $903 thousand in 2024 and 2023, respectively. The decrease in 2024 was primarily driven by the completion of a large office building construction project in March 2023.

Right of use leased assets are comprised mainly of operating leases for branches, office space, ATM locations, and certain equipment, as described in Note 6.