PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

8.PREMISES AND EQUIPMENT:

Premises and equipment are summarized as follows:

	December 31,
(Dollar amounts in thousands)	2024		2023
Land	$	20,547	$	17,379
Building and leasehold improvements		77,248		68,166
Furniture and equipment		48,919		52,201
		146,714		137,746
Less accumulated depreciation		(65,206)		(70,460)
TOTAL	$	81,508	$	67,286

Aggregate depreciation expense was $6.1 million, $5.4 million and $4.8 million for 2024, 2023 and 2022, respectively.

The Company leases certain branch properties and equipment under operating leases. Rent expense was $1.3 million, $1.2 million, and $1.2 million for 2024, 2023, and 2022. Rent commitments, before considering renewal options that generally are present, were as follows:

2025	$	1,202
2026		1,141
2027		1,122
2028		1,019
2029		670
Thereafter		4,678
	$	9,832

See Note 19 for additional discussion on leases.