Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

v3.22.4
Premises and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Premises and Equipment

Note 5 — Premises and Equipment

The following is a summary of the major components of premises and equipment:

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Land

 

$

6,850

 

 

$

6,850

 

Building and improvements

 

 

12,643

 

 

 

12,438

 

Furniture and equipment

 

 

30,341

 

 

 

30,186

 

Leasehold improvements

 

 

18,278

 

 

 

17,462

 

Leased equipment

 

 

—

 

 

 

880

 

 

 

 

68,112

 

 

 

67,816

 

Accumulated depreciation and amortization

 

 

(45,262

)

 

 

(43,028

)

Total premises and equipment, net

 

$

22,850

 

 

$

24,788

 

 

Depreciation and amortization expense related to premises and equipment was $3.9 million, $4.4 million and $4.0 million for the years ended December 31, 2022, 2021 and 2020, respectively.