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Premises and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
The major categories of premises and equipment and accumulated depreciation are summarized as follows:
 
December 31 (In thousands)20202019
Land$22,421 $23,520 
Buildings97,351 92,857 
Equipment, furniture and fixtures89,390 74,298 
Leasehold improvements6,381 5,386 
Total$215,543 $196,061 
Less accumulated depreciation(126,883)(122,739)
Premises and equipment, net$88,660 $73,322 
 
Depreciation expense amounted to $10.8 million, $9.1 million and $8.6 million for the years ended December 31, 2020, 2019 and 2018, respectively.
  
Park records leased assets where Park acts as the lessor within "Other assets" on the Consolidated Balance Sheets. Equipment subject to lease agreements at December 31, 2020 and 2019 is summarized below:

December 31 (In thousands)20202019
Equipment$8,561 $9,277 
Less accumulated depreciation(4,665)(3,911)
Leased assets, net$3,896 $5,366 

Depreciation expense on operating lease assets of $1.8 million, $1.3 million, and $26,000 was recorded for the years ended December 31, 2020, 2019 and 2018, respectively.