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Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment

Premises and equipment include:

 

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

Land and improvements

 

$

58,534

 

 

$

62,131

 

Buildings and improvements

 

 

222,407

 

 

 

224,942

 

Furniture and equipment

 

 

109,159

 

 

 

106,501

 

Total cost

 

 

390,100

 

 

 

393,574

 

Accumulated depreciation and amortization

 

 

(208,254

)

 

 

(200,214

)

Right of use assets

 

 

47,170

 

 

 

56,061

 

Total premises and equipment, net

 

$

229,016

 

 

$

249,421

 

Future Minimum Lease Payments Under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases with initial or remaining lease terms in excess of one year at December 31, 2021 are as follows (in thousands):

 

Year

 

Operating Leases

 

Finance Leases

 

Total

 

2022

 

$

5,215

 

$

873

 

$

6,088

 

2023

 

 

4,578

 

 

885

 

 

5,463

 

2024

 

 

4,093

 

 

890

 

 

4,983

 

2025

 

 

4,007

 

 

861

 

 

4,868

 

2026

 

 

3,976

 

 

809

 

 

4,785

 

2027 and thereafter

 

 

39,133

 

 

2,969

 

 

42,102

 

Total lease payments

 

$

61,002

 

$

7,287

 

$

68,289

 

Less: capitalized interest

 

 

(13,545

)

 

(2,523

)

 

(16,068

)

Present value of lease liabilities

 

$

47,457

 

$

4,764

 

$

52,221