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Premises and Equipment | 12 Months Ended
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Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
Premises and Equipment | Premises and Equipment The major categories of premises and equipment and accumulated depreciation are summarized as follows:
December 31 (In thousands) |  | 2020 |  | 2019
Land |  | $ | 22,421 |  |  | $ | 23,520 |
Buildings |  | 97,351 |  |  | 92,857 |
Equipment, furniture and fixtures |  | 89,390 |  |  | 74,298 |
Leasehold improvements |  | 6,381 |  |  | 5,386 |
Total |  | $ | 215,543 |  |  | $ | 196,061 |
Less accumulated depreciation |  | (126,883) |  |  | (122,739) |
Premises and equipment, net |  | $ | 88,660 |  |  | $ | 73,322 |
Depreciation expense amounted to $10.8 million, $9.1 million and $8.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. Park records leased assets where Park acts as the lessor within "Other assets" on the Consolidated Balance Sheets. Equipment subject to lease agreements at December 31, 2020 and 2019 is summarized below:
December 31 (In thousands) |  | 2020 |  | 2019
Equipment |  | $ | 8,561 |  |  | $ | 9,277 |
Less accumulated depreciation |  | (4,665) |  |  | (3,911) |
Leased assets, net |  | $ | 3,896 |  |  | $ | 5,366 |
Depreciation expense on operating lease assets of $1.8 million, $1.3 million, and $26,000 was recorded for the years ended December 31, 2020, 2019 and 2018, respectively.

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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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://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 http://asc.fasb.org/extlink&oid=120429125&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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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