Premises and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

A summary of premises and equipment follows:

	At December 31,
(In thousands)	2020		2019
Land	$	9,436	$	10,997
Buildings and improvements	70,195		77,892
Leasehold improvements	71,332		77,346
Fixtures and equipment	73,730		73,946
Data processing and software	270,780		263,445
Property and equipment	495,473		503,626
Less: Accumulated depreciation and amortization	(396,211)		(388,562)
Property and equipment, net	99,262		115,064
Leased assets, net	127,481		155,349
Premises and equipment, net	$	226,743	$	270,413

Depreciation and amortization of property and equipment was $32.5 million, $33.7 million, and $34.9 million for the years ended December 31, 2020, 2019, and 2018, respectively.

During 2020, leased assets were impaired by $12.0 million due to the Company's decision to close 21 leased banking centers, which is recorded in occupancy in the accompanying Consolidated Statements of Income.

Additional information about leased assets is provided in Note 8: Leasing.

Assets held for disposition are included as a component of accrued interest receivable and other assets in the accompanying Consolidated Balance Sheets.

The following table provides a summary of activity for assets held for disposition:

	Years ended December 31,
(In thousands)	2020		2019
Beginning balance	$	—	$	91
Additions	2,654		—
Write-downs	—		(91)
Sales	—		—
Ending balance	$	2,654	$	—