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Premises and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Premises and Equipment PREMISES AND EQUIPMENT
The composition of premises and equipment was as follows:
December 31,
(dollars in thousands)20222021
Land$91,568 $71,014 
Buildings419,596 394,400 
Furniture, fixtures, and equipment154,719 118,124 
Leasehold improvements69,412 46,330 
Total735,295 629,868 
Accumulated depreciation(177,988)(153,682)
Premises and equipment, net$557,307 $476,186 
During 2022, Old National recorded $111.9 million of premises and equipment associated with the merger with First Midwest. See Note 2 to the consolidated financial statements for additional detail regarding this transaction.
Depreciation expense was $36.4 million in 2022, $27.3 million in 2021, and $28.9 million in 2020.
Finance Leases
Old National leases certain banking center buildings and equipment under finance leases that are included in premises and equipment.  See Notes 6 and 13 to the consolidated financial statements for detail regarding these leases.