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Premises and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
Premises and equipment as of the dates indicated consist of the following:
March 31, 2025December 31, 2024
Land$23,378 $25,818 
Office buildings68,090 75,450 
Furniture, fixtures and equipment19,432 19,880 
Total110,900 121,148 
Less: accumulated depreciation(48,553)(51,276)
Premises and equipment, net$62,347 $69,872 
The carrying balance of premises and equipment held for sale, at the lower of cost or fair value, was $8,240 and $616 at March 31, 2025 and December 31, 2024, respectively. The majority of the change can be traced to the reclassification of the $6,310 of premises and equipment associated with our two Knoxville, Tennessee branches, consistent with the announced sale of those locations expected to close in the second quarter of 2025.
Depreciation expense associated with premises and equipment was $925 and $911 for the three months ended March 31, 2025 and 2024, respectively.