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Premises and Equipment
 12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Premises and Equipment

NOTE 7 – PREMISES AND EQUIPMENT

The composition of premises and equipment was as follows at December 31:

 

 

 

December 31,

 

(dollars in thousands)

 

2019

 

 

2018

 

Land

 

$

79,569

 

 

$

79,231

 

Buildings

 

 

380,925

 

 

 

365,102

 

Furniture, fixtures, and equipment

 

 

112,654

 

 

 

107,862

 

Leasehold improvements

 

 

44,136

 

 

 

42,288

 

Total

 

 

617,284

 

 

 

594,483

 

Accumulated depreciation

 

 

(126,359

)

 

 

(108,571

)

Premises and equipment, net

 

$

490,925

 

 

$

485,912

 

Depreciation expense was $26.7 million in 2019, $23.8 million in 2018, and $22.2 million in 2017.

Finance Leases

Old National leases certain branch buildings under finance leases that are included in premises and equipment.  See Notes 8 and 15 to the consolidated financial statements for detail regarding these leases.