Premises and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Premises and equipment consist of the following at December 31, 2020 and 2019:


(In thousands)	2020		2019
Land	$	93,492	$	91,678
Buildings and improvements	582,056		566,177
Equipment	239,216		237,047
Right of use leased assets	29,589		28,195
Total	944,353		923,097
Less accumulated depreciation	573,270		552,460
Net premises and equipment	$	371,083	$	370,637

Depreciation expense of $32.2 million in 2020, $30.8 million in 2019 and $28.6 million in 2018, was included in occupancy expense and equipment expense in the consolidated statements of income. Repairs and maintenance expense of $16.4 million, $17.8 million and $16.9 million for 2020, 2019 and 2018, respectively, was included in occupancy expense and equipment expense. Interest expense capitalized on constructions projects totaled $14 thousand in 2020. There was no interest expense capitalized on constructions projects in 2019 or 2018.

Right of use leased assets are comprised mainly of operating leases for branches, office space, ATM locations, and certain equipment, as described in Note 6.