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Premises and Equipment
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
Premises and equipment as of the dates indicated consist of the following:
September 30, 2025
December 31, 2024
Land$23,378 $25,818 
Office buildings69,081 75,450 
Furniture, fixtures and equipment20,518 19,880 
Total112,977 121,148 
Less: accumulated depreciation(50,540)(51,276)
Premises and equipment, net$62,437 $69,872 
As noted in "Note 3 – Branch Sales", the majority of the changes between periods can be traced to the sale of $6,310 of premises and equipment associated with our two Knoxville, Tennessee branches during the nine months ended September 30, 2025. The assets were sold at their carrying balance so no gain or loss was recognized on the sale.
The carrying balance of premises and equipment held for sale, at the lower of cost or fair value, was $616 at both September 30, 2025 and December 31, 2024.
Depreciation expense associated with premises and equipment was $2,933 and $2,817 for the nine months ended September 30, 2025 and 2024, respectively.