Bank Premises and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Bank Premises and Equipment

6. BANK PREMISES AND EQUIPMENT:

The following is a summary of bank premises and equipment (in thousands):

	Useful Life		December 31,
			2022			2021
Land		—	$	38,703		$	38,380
Buildings	20 to 40 years			164,371			156,350
Furniture and equipment	3 to 10 years			62,715			60,083
Leasehold improvements	Lesser of lease term or 5 to 15 years			2,949			2,949
				268,738			257,762
Less: accumulated depreciation and amortization				(115,765	)		(107,998	)
Total bank premises and equipment			$	152,973		$	149,764

Depreciation expense for the years ended December 31, 2022, 2021 and 2020 amounted to $10,818,000, $10,504,000 and $9,865,000, respectively, and is included in the captions net occupancy expense and equipment expense in the accompanying consolidated statements of earnings.

The Company is lessor for portions of its banking premises. Total rental income for all leases included in net occupancy expense is approximately $2,665,000, $2,622,000 and $2,789,000, for the years ended December 31, 2022, 2021 and 2020, respectively.