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Premises and Equipment | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Premises and Equipment | Premises and Equipment and Lease Commitments Year-end premises and equipment were as follows:
| 2022 |  | 2021
Land | $ | 170,938 |  |  | $ | 152,219 |
Buildings | 521,280 |  |  | 495,903 |
Technology, furniture and equipment | 236,440 |  |  | 256,323 |
Leasehold improvements | 209,398 |  |  | 192,207 |
Construction and projects in progress | 39,506 |  |  | 14,513 |
Lease right-of-use assets | 288,816 |  |  | 281,438 |
| 1,466,378 |  |  | 1,392,603 |
Less accumulated depreciation and amortization | (363,683) |  |  | (342,272) |
Total premises and equipment, net | $ | 1,102,695 |  |  | $ | 1,050,331 |
Depreciation of premises and equipment totaled $57.4 million in 2022, $55.1 million 2021 and $49.9 million in 2020. Lease Commitments. We lease certain office facilities and office equipment under operating leases. Rent expense for all operating leases totaled $47.7 million in 2022, $45.6 million in 2021 and $46.0 million in 2020. The components of total lease expense in 2022 and 2021 were as follows:
|  | 2022 |  | 2021
Amortization of lease right-of-use assets |  | $ | 33,285 |  |  | $ | 32,811 |
Short-term lease expense |  | 2,208 |  |  | 1,595 |
Non-lease components (including taxes, insurance, common maintenance, etc.) |  | 12,172 |  |  | 11,203 |
Total |  | $ | 47,665 |  |  | $ | 45,609 |
Right-of-use lease assets totaled $288.8 million and $281.4 million at December 31, 2022 and 2021, respectively, and are reported as a component of premises and equipment on our accompanying consolidated balance sheets. The related lease liabilities totaled $321.9 million and $313.4 million at December 31, 2022 and 2021, respectively, and are reported as a component of accrued interest payable and other liabilities in the accompanying consolidated balance sheets. Lease payments under operating leases that were applied to our operating lease liability totaled $32.9 million during 2022 and $32.1 million during 2021. The following table reconciles future undiscounted lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the aggregate operating lessee lease liability as of December 31, 2022:
Future lease payments |
2023 | $ | 33,685 |
2024 | 33,651 |
2025 | 33,990 |
2026 | 33,600 |
2027 | 32,023 |
Thereafter | 232,905 |
Total undiscounted operating lease liability | 399,854 |
Imputed interest | 77,909 |
Total operating lease liability included in the accompanying balance sheet | $ | 321,945 |
Weighted-average lease term in years | 13.62
Weighted-average discount rate | 3.13%
We lease certain buildings and branch facilities from various entities which are controlled by or affiliated with certain directors. Payments related to these leases totaled $327 thousand in 2022, $322 thousand in 2021 and $9.8 million in 2020. The decrease in these lease payments during 2021 compared to 2020 was the result of a director who did not stand for re-election and who has a controlling interest in the entity from which we lease our headquarters building.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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