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Premises and Equipment | 12 Months Ended
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Dec. 31, 2024
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) | 2024 |  | 2023
Land | $ | 96,798 |  |  | $ | 91,568 |
Buildings | 491,553 |  |  | 453,234 |
Furniture, fixtures, and equipment | 158,529 |  |  | 148,134 |
Leasehold improvements | 97,260 |  |  | 85,187 |
Total | 844,140 |  |  | 778,123 |
Accumulated depreciation | (255,170) |  |  | (212,727) |
Premises and equipment, net | $ | 588,970 |  |  | $ | 565,396 |
Depreciation expense was $38.1 million in 2024, $38.2 million in 2023, and $36.4 million in 2022. 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.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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