Premises and Equipment

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

Premises and Equipment

NOTE 9 – PREMISES AND EQUIPMENT

The composition of premises and equipment at June 30, 2019 and December 31, 2018 was as follows:

	June 30,			December 31,
(dollars in thousands)	2019			2018
Land	$	79,521		$	79,231
Buildings		379,808			365,102
Furniture, fixtures, and equipment		105,318			107,862
Leasehold improvements		44,784			42,288
Total		609,431			594,483
Accumulated depreciation		(115,950	)		(108,571	)
Premises and equipment, net	$	493,481		$	485,912

Depreciation expense was $6.7 million for the three months ended June 30, 2019 and $13.2 million for the six months ended June 30, 2019, compared to $5.9 million for the three months ended June 30, 2018 and $11.8 million for the six months ended June 30, 2018.

Finance Leases

Old National leases certain branch buildings 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.