Premises and Equipment

12 Months Ended

Dec. 31, 2023

Premises and Equipment

Premises and Equipment

Note 9 Premises and Equipment

Premises and equipment consisted of the following at December 31, 2023 and 2022:

	December 31, 2023		December 31, 2022
Land	$	40,079	$	40,245
Buildings and improvements		114,006		112,188
Equipment and software		113,496		84,852
Total premises and equipment, at cost		267,581		237,285
Less: accumulated depreciation and amortization		(104,848)		(101,174)
Premises and equipment, net	$	162,733	$	136,111

The Company recorded $10.0 million, $8.4 million and $7.3 million of depreciation expense during 2023, 2022 and 2021, respectively, as a component of occupancy and equipment expense in the consolidated statements of operations. The Company disposed of $2.3 million, $7.0 million and $13.7 million of premises and equipment, net, during 2023, 2022 and 2021, respectively. The Company recorded gains on sale of premises and equipment totaling $0.1 million and $1.7 million during the years ended December 31, 2023 and 2022, respectively, within other non-interest income in the consolidated statements of operations. During 2023, the Company recognized $0.2 million of impairments included in non-interest expense in its consolidated statements of operations from the consolidation of five banking centers classified as held-for-sale totaling $13.4 million. During 2022, the Company had no impairment related to premises and equipment. During 2021, the Company recognized $1.6 million of impairment in its consolidated statements of operations related to premises and equipment classified as held-for-sale totaling $6.0 million at the time of impairment.