Premises and Equipment

3 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Premises and Equipment

NOTE 9 – PREMISES AND EQUIPMENT

The composition of premises and equipment at March 31, 2019 and December 31, 2018 was as follows:

	March 31,			December 31,
(dollars in thousands)	2019			2018
Land	$	79,314		$	79,231
Buildings		372,231			365,102
Furniture, fixtures, and equipment		108,457			107,862
Leasehold improvements		43,153			42,288
Total		603,155			594,483
Accumulated depreciation		(112,939	)		(108,571	)
Premises and equipment, net	$	490,216		$	485,912

Depreciation expense was $6.4 million for the three months ended March 31, 2019, compared to $5.8 million for the three months ended March 31, 2018.

Finance Leases

Old National leases three branch buildings and certain equipment under finance leases that are included in premises and equipment.  See Notes 10 and 16 to the consolidated financial statements for detail regarding these leases.