FINANCIAL INSTITUTIONS INC PP&E Disclosure
Major classes of premises and equipment, excluding amounts reclassified to assets held for sale, at December 31 are summarized below (in thousands):
|
|
2025 |
|
|
2024 |
|
||
Land and land improvements |
|
$ |
5,019 |
|
|
$ |
5,019 |
|
Buildings and leasehold improvements |
|
|
55,899 |
|
|
|
54,416 |
|
Furniture, fixtures, equipment and vehicles |
|
|
43,747 |
|
|
|
45,525 |
|
Premises and equipment |
|
|
104,665 |
|
|
|
104,960 |
|
Accumulated depreciation and amortization |
|
|
(64,771 |
) |
|
|
(65,094 |
) |
Premises and equipment, net |
|
$ |
39,894 |
|
|
$ |
39,866 |
|
Depreciation and amortization expense included in noninterest expense on the consolidated statements of operations for the years ended December 31 was as follows (in thousands):
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Occupancy and equipment |
|
$ |
3,653 |
|
|
$ |
3,363 |
|
|
$ |
3,658 |
|
Computer and data processing |
|
|
1,312 |
|
|
|
1,603 |
|
|
|
1,367 |
|
Total depreciation and amortization expense |
|
$ |
4,965 |
|
|
$ |
4,966 |
|
|
$ |
5,025 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 9, 2026 | Showing above |
| 2024 | Mar 12, 2025 | |
| 2023 | Mar 13, 2024 | |
| 2022 | Mar 9, 2023 | |
| 2021 | Mar 10, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 4, 2020 | |
| 2018 | Mar 8, 2019 | |
| 2017 | Mar 14, 2018 | |
| 2016 | Mar 7, 2017 | |
| 2015 | Mar 8, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.