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Premises and Equipment
 12 Months Ended
Dec. 31, 2024
Premises and Equipment  
Premises and Equipment

Note 6—Premises and Equipment

Premises and equipment consisted of the following:

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December 31,

 

(Dollars in thousands)

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Useful Life

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2024

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2023

 

Land

    

    

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$

132,703

    

$

132,717

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Buildings and leasehold improvements

 

15

-

40

years

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418,010

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401,989

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Equipment and furnishings

 

3

-

10

years

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177,697

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201,153

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Lease right of use assets

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95,835

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100,331

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Construction in process

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12,529

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7,770

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Total

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836,774

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843,960

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Less accumulated depreciation

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(334,215)

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(324,763)

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$

502,559

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$

519,197

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Depreciation expense charged to operations was $28.9 million, $28.2 million, and $29.4 million for the years ended December 31, 2024, 2023, and 2022, respectively.

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At December 31, 2024 and 2023, computer software with an original cost of $43.4 million and $24.6 million, respectively, were being amortized using the straight-line method over thirty-six months. The unamortized balance remaining of the original computer software cost was $18.4 million and $4.3 million, respectively, at December 31, 2024 and 2023. Amortization expense totaled $4.6 million, $4.9 million, and $4.9 million for the years ended December 31, 2024, 2023, and 2022, respectively. There were no capitalized implementation costs in 2024 related to internal use software.

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See Note 19—Lease Commitments for further details on lease right of use assets.