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Premises and Equipment
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Premises and Equipment PREMISES AND EQUIPMENT
The composition of premises and equipment was as follows:
(dollars in thousands)March 31,
2021
December 31,
2020
Land$72,219 $72,600 
Buildings375,397 373,660 
Furniture, fixtures, and equipment114,824 110,735 
Leasehold improvements44,747 44,734 
Total607,187 601,729 
Accumulated depreciation(140,628)(137,321)
Premises and equipment, net$466,559 $464,408 
Depreciation expense was $7.1 million for the three months ended March 31, 2021, compared to $8.6 million for the three months ended March 31, 2020.
Finance Leases
Old National leases certain banking center buildings under finance leases that are included in premises and equipment.  See Notes 8 and 14 to the consolidated financial statements for detail regarding these leases.