Premises and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

The following table summarizes the Corporation's premises and equipment as of December 31, 2022 and 2021:

	2022		2021
Cost at December 31:
Land	$	25,299	$	22,349
Buildings and Leasehold Improvements	174,895		160,410
Equipment	144,524		129,885
Total Cost	344,718		312,644
Accumulated Depreciation and Amortization	(227,600)		(206,989)
Net	$	117,118	$	105,655

The Level One acquisition on April 1, 2022 resulted in additions to premises and equipment of $11.8 million. Details regarding the acquisition are discussed in NOTE 2. ACQUISITIONS of these Notes to Consolidated Financial Statements.

The Corporation is committed under various non-cancelable lease contracts for certain subsidiary office facilities and equipment. Details regarding the lease contracts are discussed in NOTE 9. LEASES of these Notes to Consolidated Financial Statements.