
	December 31,		December 31,
(dollars in thousands)	2024		2023
Land	$	15,986	$	15,968
Buildings and improvements	83,296		78,104
Furniture and equipment	36,526		35,797
Lease right-of-use assets	8,830		7,673
Total	144,638		137,542
Accumulated depreciation	(58,928)		(54,728)
Premises and equipment, net	$	85,710	$	82,814

The Company has entered into operating leases, primarily for banking offices and operating facilities, which have remaining lease terms of 3 months to 13 years, some of which may include options to extend the lease terms for up to an additional 10 years. The options to extend are included in the remaining lease term if they are reasonably certain to be exercised. The Company had operating lease right-of-use assets of $8.8 million and $7.7 million as of December 31, 2024 and December 31, 2023, respectively, included in premises and equipment on our consolidated balance sheets. The operating lease liabilities of the Company were $10.1 million and $9.3 million as of December 31, 2024 and December 31, 2023, respectively, and are included in accrued interest payable and other liabilities on our consolidated balance sheets.

Information related to operating leases for the years ended December 31, 2024 and 2023 was as follows:


	Years Ended December 31,
(dollars in thousands)		2024			2023
Operating lease cost		$	1,989		$	1,919
Operating cash flows from leases		2,373			2,256
Right-of-use assets obtained in exchange for lease obligations		2,889			2,470

Weighted average remaining lease term		6.9 years			7.8 years
Weighted average discount rate		3.66		%	3.41		%

Net rent expense under operating leases, included in occupancy and equipment expense, was $1.4 million, $1.4 million and $1.5 million for the years ended December 31, 2024, 2023 and 2022, respectively.


(dollars in thousands)	Amount
Year ending December 31:
2025	$	1,768
2026	1,824
2027	1,708
2028	1,659
2029	1,445
Thereafter	3,103
Total future minimum lease payments	11,507
Less imputed interest	(1,395)
Total operating lease liabilities	$	10,112