Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

v3.19.3.a.u2
Premises and Equipment
12 Months Ended
Dec. 31, 2019
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,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Land

 

$

7,980

 

 

$

8,470

 

Building and improvements

 

 

14,120

 

 

 

17,252

 

Furniture and equipment

 

 

27,358

 

 

 

24,144

 

Leasehold improvements

 

 

12,715

 

 

 

11,671

 

Leased equipment

 

 

879

 

 

 

879

 

 

 

 

63,052

 

 

 

62,416

 

Accumulated depreciation and amortization

 

 

(36,982

)

 

 

(34,664

)

Total premises and equipment, net

 

$

26,070

 

 

$

27,752

 

 

Depreciation and amortization expense related to premises and equipment was $3.3 million, $2.6 million and $2.9 million for the years ended December 31, 2019, 2018 and 2017, respectively.