
	March 31,		December 31,
(dollars in thousands)	2025		2024
Land	$	15,986	$	15,986
Buildings and improvements	84,685		83,296
Furniture and equipment	36,966		36,526
Lease right-of-use assets	9,246		8,830
Total	146,883		144,638
Accumulated depreciation	(60,164)		(58,928)
Premises and equipment, net	$	86,719	$	85,710

The Company has entered into operating leases, primarily for banking offices and operating facilities, which have remaining lease terms of 9 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 $9.2 million and $8.8 million as of March 31, 2025 and December 31, 2024, respectively, included in premises and equipment on our consolidated balance sheets. The operating lease liabilities of the Company were $10.5 million and $10.1 million as of March 31, 2025 and December 31, 2024, respectively, and are included in accrued interest payable and other liabilities on our consolidated balance sheets.

Information related to operating leases for the three months ended March 31, 2025 and 2024 was as follows:


	Three Months Ended March 31,
(dollars in thousands)	2025			2024
Operating lease cost	$	498		$	476
Operating cash flows from leases	518			572
Right-of-use assets obtained in exchange for lease obligations	837			222

Weighted average remaining lease term	6.7 years			7.6 years
Weighted average discount rate	3.72		%	3.44		%


(dollars in thousands)	Amount
Year ending December 31:
2025 remaining	$	1,310
2026	2,003
2027	1,892
2028	1,840
2029	1,640
Thereafter	3,254
Total future minimum lease payments	11,939
Less imputed interest	(1,420)
Total operating lease liabilities	$	10,519