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Premises and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
Premises and equipment at December 31 were as follows:
(In thousands)20242023
Land$8,062 $8,063 
Premises and equipment104,847 104,366 
Furniture, fixtures, and equipment91,146 90,168 
Accumulated depreciation and amortization(127,428)(122,910)
Total$76,627 $79,687 
Depreciation and amortization expenses in 2024, 2023, and 2022 are included in operating expenses as follows:

(In thousands)202420232022
Premises$2,713 $2,844 $2,500 
Furniture, fixtures, and equipment4,756 5,246 5,138 
Total$7,469 $8,090 $7,638 
 
The Company leases land, buildings and equipment under operating lease arrangements. Total gross rental expense amounted to $4.1 million in 2024, $4.7 million in 2023, and $4.6 million in 2022. Most leases include options to renew for periods ranging from 5 to 20 years.

Lease components

Right-of-use lease assets totaled $26.9 million and $27.7 million at December 31, 2024 and 2023, respectively and are reported in accrued interest and other assets in the accompanying consolidated statements of condition. The related lease liabilities totaled $28.5 million and $29.1 million at December 31, 2024 and 2023, respectively, and are reported in other liabilities in the accompanying consolidated statements of condition. Lease payments under operating leases that were applied to our operating lease liability totaled $2.9 million during 2024 and $3.8 million during 2023. Included in the 2023 lease payment figures above were 2 lease termination payments totaling $579,000 which were applied to the lease liability.

The components of operating lease expense, primarily included in “Net occupancy expense of premises,” in 2024, 2023, and 2022 were as follows:

(In thousands)202420232022
Operating lease cost$4,083 $4,741 $4,654 
Variable lease cost687 681 695 
Short-term lease cost9 2 2 
Sublease income0 0 (11)
Total lease cost$4,779 $5,424 $5,340 

At December 31, 2024, we did not have any material finance lease assets or liabilities.

Other information related to operating leases for 2024 and 2023 was as follows:

(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,863 $4,688 
Weighted-average remaining lease term on operating leases11.3511.64
Weighted-average discount rates on operating leases3.67 %3.47 %
Right-of-use assets obtained in exchange for lease liabilities2,341 1,655 

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, 2024:

(In thousands)
2025$3,588 
20263,546 
20273,241 
20282,992 
20292,924 
2030 and subsequent years18,944 
Total lease payments35,235 
Less: Interest6,701 
Present value of lease liabilities$28,534