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BANK PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
BANK PREMISES AND EQUIPMENT BANK PREMISES AND EQUIPMENT
Bank premises and equipment at December 31, were as follows:
20252024Estimated
Useful Life
 (Dollars in thousands)(In years)
Cost
Land$59,276 $52,831 n/a
Bank premises125,154 104,899 
5-40
Leasehold improvements63,648 55,243 
1-15
Furniture and equipment124,694 112,600 
1-10
Leased equipment32,654 32,654 5
Total cost405,426 358,227 
Accumulated depreciation(187,236)(164,907)
Net bank premises and equipment$218,190 $193,320 

Depreciation expense related to bank premises and equipment was $22.5 million, $19.9 million, and $18.9 million for the years ended December 31, 2025, 2024 and 2023, respectively, and is primarily reflected in occupancy and equipment expenses.
The Company held leased equipment with a total cost of $32.7 million at both December 31, 2025 and 2024. The leased equipment is subject to a master lease agreement entered into during 2021 with a third-party lessee and the Company assumes the role of lessor in the transaction, which is deemed an operating lease for accounting purposes. The Company recognized rental income of $6.4 million for each of the years ended December 31, 2025, 2024, and 2023.