Premises and Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

The composition of premises and equipment was as follows:

(dollars in thousands)	June 30, 2020		December 31, 2019
Land	$	72,182	$	79,569
Buildings	367,658		380,925
Furniture, fixtures, and equipment	113,047		112,654
Leasehold improvements	44,684		44,136
Total	597,571		617,284
Accumulated depreciation	(134,775)		(126,359)
Premises and equipment, net	$	462,796	$	490,925

Depreciation expense was $6.5 million for the three months ended June 30, 2020 and $15.1 million for the six months ended June 30, 2020, compared to $6.7 million for the three months ended June 30, 2019 and $13.2 million for the six months ended June 30, 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.