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Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of Premises and Equipment
The following is a summary of premises and equipment as of December 31:
20242023
 (dollars in thousands)
Land$36,080 $39,742 
Buildings and improvements310,786 365,744 
Furniture and equipment173,778 161,244 
Construction in progress4,872 12,313 
Total premises and equipment525,516 579,043 
Less: Accumulated depreciation and amortization(329,989)(356,162)
Net premises and equipment$195,527 $222,881 

The $58.6 million decrease in land and buildings and improvements was primarily due to $73.5 million of asset disposals in the Sale-Leaseback Transaction, partially offset by $21.7 million of land and buildings and improvements purchased as part of the Republic First Transaction in the fourth quarter of 2024. The $73.5 million of premises and equipment disposals in the Sale-Leaseback Transaction included $42.5 million of related accumulated depreciation for a net disposal amount of $31.0 million.