​ ​ ​

2025

  ​ ​ ​

2024

(dollars in thousands)

Land

$

26,690

$

27,096

Buildings (useful lives 15 to 39 years)

 

135,043

 

116,895

Construction in process - buildings

52,280

28,535

Furniture and equipment (useful lives 3 to 15 years)

 

79,548

 

58,094

Premises and equipment

 

293,561

 

230,620

Less accumulated depreciation

 

78,150

 

71,467

Premises and equipment, net

$

215,411

$

159,153

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Feb 28, 2025
2023Feb 29, 2024
2022Mar 1, 2023
2021Mar 11, 2022
2020Mar 12, 2021
2019Mar 13, 2020
2018Mar 15, 2019
2017Mar 12, 2018
2016Mar 10, 2017
2015Mar 11, 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.