Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

v3.10.0.1
Premises and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Premises and Equipment
Premises and Equipment
The following is a summary of the major components of premises and equipment:
 
As of December 31,
 
2018
 
2017
 
(in thousands)
Land
$
8,470

 
$
8,470

Building and improvements
17,252

 
17,261

Furniture and equipment
24,144

 
21,271

Leasehold improvements
11,671

 
11,571

Leased equipment
879

 
879

 
62,416

 
59,452

Accumulated depreciation and amortization
(34,664
)
 
(32,797
)
Total premises and equipment, net
$
27,752

 
$
26,655


Depreciation and amortization expense related to premises and equipment was $2.6 million, $2.9 million and $2.9 million for the years ended December 31, 2018, 2017 and 2016, respectively.