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Premises and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
Premises and equipment at December 31 were as follows:

(In thousands)20232022
Land$8,063 $8,063 
Premises and equipment104,366 106,297 
Furniture, fixtures, and equipment90,168 87,619 
Accumulated depreciation and amortization(122,910)(119,839)
Total$79,687 $82,140 
Depreciation and amortization expenses in 2023, 2022, and 2021 are included in operating expenses as follows:

(In thousands)202320222021
Premises$2,844 $2,500 $2,599 
Furniture, fixtures, and equipment5,246 5,138 5,367 
Total$8,090 $7,638 $7,966 
 
The Company leases land, buildings and equipment under operating lease arrangements. Total gross rental expense amounted to $4.7 million in 2023, $4.6 million in 2022, and $4.9 million in 2021. Most leases include options to renew for periods ranging from 5 to 20 years.

Lease components

Right-of-use lease assets totaled $27.7 million and $33.1 million at December 31, 2023 and 2022, respectively and are reported in accrued interest and other assets in the accompanying consolidated statements of condition. The related lease liabilities totaled $29.1 million and $34.5 million at December 31, 2023 and 2022, 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 $3.8 million during 2023 and $3.4 million during 2022. Included in the 2023 lease payment figures above were 2 lease termination payments totaling $579,000 and were applied to the lease liability.

The components of operating lease expense, primarily included in “Net occupancy expense of premises,” in 2023, 2022, and 2021 were as follows:

(In thousands)202320222021
Operating lease cost$4,741 $4,654 $4,939 
Variable lease cost681 695 668 
Short-term lease cost2 2 2 
Sublease income0 (11)(25)
Total lease cost$5,424 $5,340 $5,584 

At December 31, 2023, we did not have any material finance lease assets or liabilities.

Other information related to operating leases for 2023 and 2022 was as follows:

(In thousands)20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,688 $4,389 
Weighted-average remaining lease term on operating leases11.6413.45
Weighted-average discount rates on operating leases3.47 %3.47 %
Right-of-use assets obtained in exchange for lease liabilities1,655 2,498 
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, 2023:

(In thousands)
2024$3,824 
20253,531 
20263,480 
20273,161 
20282,942 
2029 and subsequent years18,930 
Total lease payments35,868 
Less: Interest6,793 
Present value of lease liabilities$29,075