Premises and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following table presents the major components of premises and equipment as of December 31, 2023 and 2022:

(in thousands)	December 31, 2023		December 31, 2022		Estimated useful life
Land	$	91,072	$	33,031
Buildings and improvements	288,189		203,519		7 - 39 years
Furniture, fixtures, and equipment	140,241		142,209		4 - 20 years
Software	110,726		105,355		3 - 7 years
Construction in progress and other	24,094		16,878
Total premises and equipment	654,322		500,992
Less: Accumulated depreciation and amortization	(315,352)		(324,976)
Premises and equipment, net	$	338,970	$	176,016

During 2023, the Company recorded $203.3 million of premises and equipment associated with the Merger. Refer to Note 2 - Business Combination for more information pertaining to the completed Merger.

Depreciation and amortization expense totaled $29.3 million, $22.9 million, and $25.7 million for the years ended December 31, 2023, 2022, and 2021, respectively.