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Premises and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Premises and Equipment | Premises and Equipment and Lease Commitments Year-end premises and equipment were as follows:
| 2023 |  | 2022
Land | $ | 191,594 |  |  | $ | 170,938 |
Buildings | 581,745 |  |  | 521,280 |
Technology, furniture and equipment | 262,666 |  |  | 236,440 |
Leasehold improvements | 230,642 |  |  | 209,398 |
Construction and projects in progress | 36,910 |  |  | 39,506 |
Lease right-of-use assets | 280,502 |  |  | 288,816 |
| 1,584,059 |  |  | 1,466,378 |
Less accumulated depreciation and amortization | (394,026) |  |  | (363,683) |
Total premises and equipment, net | $ | 1,190,033 |  |  | $ | 1,102,695 |
Depreciation of premises and equipment totaled $60.6 million in 2023, $57.4 million 2022 and $55.1 million in 2021. Lease Commitments. We lease certain office facilities and office equipment under operating leases. Rent expense for all operating leases totaled $50.5 million in 2023, $47.7 million in 2022 and $45.6 million in 2021. The components of total lease expense in 2023 and 2022 were as follows:
|  | 2023 |  | 2022
Amortization of lease right-of-use assets |  | $ | 34,137 |  |  | $ | 33,285 |
Short-term lease expense |  | 2,576 |  |  | 2,208 |
Non-lease components (including taxes, insurance, common maintenance, etc.) |  | 13,811 |  |  | 12,172 |
Total |  | $ | 50,524 |  |  | $ | 47,665 |
Right-of-use lease assets totaled $280.5 million and $288.8 million at December 31, 2023 and 2022, respectively, and are reported as a component of premises and equipment on our accompanying consolidated balance sheets. The related lease liabilities totaled $316.4 million and $321.9 million at December 31, 2023 and 2022, 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 $32.1 million during 2023 and $32.9 million during 2022. 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, 2023:
Future lease payments |
2024 | $ | 34,712 |
2025 | 36,030 |
2026 | 35,891 |
2027 | 34,359 |
2028 | 32,319 |
Thereafter | 218,152 |
Total undiscounted operating lease liability | 391,463 |
Imputed interest | 75,071 |
Total operating lease liability included in the accompanying balance sheet | $ | 316,392 |
Weighted-average lease term in years | 12.88
Weighted-average discount rate | 3.32%
We lease certain buildings and branch facilities from various entities which are controlled by or affiliated with one of our directors. Payments related to these leases totaled $337 thousand in 2023, $327 thousand in 2022 and $322 thousand in 2021.

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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//1943274/2147480321/958-360-50-6 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//1943274/2147480321/958-360-50-1 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//1943274/2147480321/958-360-50-7 + Details
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