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Premises and Equipment
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Premises and Equipment PREMISES AND EQUIPMENT
The composition of premises and equipment was as follows:
(dollars in thousands)March 31,
2020
December 31, 2019
Land$71,451  $79,569  
Buildings360,462  380,925  
Furniture, fixtures, and equipment117,566  112,654  
Leasehold improvements44,371  44,136  
Total593,850  617,284  
Accumulated depreciation(131,486) (126,359) 
Premises and equipment, net$462,364  $490,925  
Depreciation expense was $8.6 million for the three months ended March 31, 2020, compared to $6.4 million for the three months ended March 31, 2019.
Finance Leases
Old National leases certain branch buildings under finance leases that are included in premises and equipment.  See Notes 9 and 15 to the consolidated financial statements for detail regarding these leases.