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Premises and Equipment | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Premises and Equipment | Premises and Equipment Premises and equipment at December 31 were as follows:
(In thousands) | 2022 | 2021
Land | $ | 8,063 |  | $ | 9,195 |
Premises and equipment | 106,297 |  | 105,164 |
Furniture, fixtures, and equipment | 87,619 |  | 83,803 |
Accumulated depreciation and amortization | (119,839) |  | (112,746) |
Total | $ | 82,140 |  | $ | 85,416 |
Depreciation and amortization expenses in 2022, 2021, and 2020 are included in operating expenses as follows:
(In thousands) | 2022 | 2021 | 2020
Premises | $ | 2,500 |  | $ | 2,599 |  | $ | 2,608 |
Furniture, fixtures, and equipment | 5,138 |  | 5,367 |  | 5,225 |
Total | $ | 7,638 |  | $ | 7,966 |  | $ | 7,833 |
The Company leases land, buildings and equipment under operating lease arrangements. Total gross rental expense amounted to $4.6 million in 2022, $4.9 million in 2021, and $4.9 million in 2020. Most leases include options to renew for periods ranging from 5 to 20 years. Lease components Right-of-use lease assets totaled $33.1 million and $30.3 million at December 31, 2022 and 2021, respectively and are reported in accrued interest and other assets in the accompanying consolidated statements of condition. The related lease liabilities totaled $34.5 million and $31.1 million at December 31, 2022 and 2021, respectively, and are reported as a component of other liabilities in the accompanying consolidated statements of condition. Lease payments under operating leases that were applied to our operating lease liability totaled $3.4 million during 2022 and $5.2 million during 2021. Included in the 2021 figures above was a $2.2 million lease termination payment on a property no longer utilized by the Company; $1.8 million was applied to the lease liability and $410,000 was applied to rent expense. The components of operating lease expense, primarily included in “Net occupancy expense of premises,” in 2022, 2021, and 2020 were as follows:
(In thousands) | 2022 | 2021 | 2020
Operating lease cost | $ | 4,654 |  | $ | 4,939 |  | $ | 4,905 |
Variable lease cost | 695 |  | 668 |  | 674 |
Short-term lease cost | 2 |  | 2 |  | 5 |
Sublease income | (11) |  | (25) |  | (32) |
Total lease cost | $ | 5,340 |  | $ | 5,584 |  | $ | 5,552 |
At December 31, 2022, we did not have any material finance lease assets or liabilities. Other information related to operating leases for 2022 and 2021 was as follows:
(In thousands) | 2022 | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases | $ | 4,389 |  | $ | 6,482 |
Weighted-average remaining lease term on operating leases | 13.45 | 13.68
Weighted-average discount rates on operating leases | 3.47 | % | 3.53 | %
Right-of-use assets obtained in exchange for lease liabilities | 2,498 |  | 2,280 |
The following table reconciles future undiscounted lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the aggregate operating lessee lease liability as of December 31, 2022:
(In thousands) | December 31, 2022
2023 | $ | 3,995 |
2024 | 3,919 |
2025 | 3,622 |
2026 | 3,511 |
2027 | 3,172 |
2028 and subsequent years | 25,987 |
Total lease payments | 44,206 |
Less: Interest | 9,705 |
Present value of lease liabilities | $ | 34,501 |

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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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://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 https://asc.fasb.org/extlink&oid=126982197&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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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