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Premises and Equipment | 12 Months Ended
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Dec. 31, 2024
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) |  | 2024 |  | 2023
Land |  | $ | 19,773 |  |  | $ | 22,176 |
Buildings |  | 97,578 |  |  | 98,472 |
Equipment, furniture and fixtures |  | 78,865 |  |  | 79,662 |
Leasehold improvements |  | 6,701 |  |  | 5,684 |
Software |  | 32,338 |  |  | 29,518 |
Total |  | $ | 235,255 |  |  | $ | 235,512 |
Less accumulated depreciation |  | (165,733) |  |  | (161,301) |
Premises and equipment, net |  | $ | 69,522 |  |  | $ | 74,211 |
Depreciation expense amounted to $12.2 million, $14.0 million and $13.8 million for the years ended December 31, 2024, 2023 and 2022, respectively. Park records operating lease assets where Park acts as the lessor within "Other assets" on the Consolidated Balance Sheets. Equipment subject to lease agreements at December 31, 2024 and 2023 is summarized below:
December 31 (In thousands) |  | 2024 |  | 2023
Equipment |  | $ | 4,277 |  |  | $ | 4,691 |
Less accumulated depreciation |  | (2,610) |  |  | (2,385) |
Leased assets, net |  | $ | 1,667 |  |  | $ | 2,306 |
Depreciation expense on operating lease assets of $726,000, $693,000, and $1.1 million was recorded for the years ended December 31, 2024, 2023 and 2022, 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://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/1943274/2147477798/958-360-50-6 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/1943274/2147477798/958-360-50-1 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/1943274/2147477798/958-360-50-7 + Details
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