Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

v3.22.0.1
Premises and Equipment
 12 Months Ended
Dec. 31, 2021
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,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Land

 

$

6,850

 

 

$

6,850

 

Building and improvements

 

 

12,438

 

 

 

12,423

 

Furniture and equipment

 

 

30,186

 

 

 

31,973

 

Leasehold improvements

 

 

17,462

 

 

 

14,813

 

Leased equipment

 

 

880

 

 

 

880

 

 

 

 

67,816

 

 

 

66,939

 

Accumulated depreciation and amortization

 

 

(43,028

)

 

 

(40,508

)

Total premises and equipment, net

 

$

24,788

 

 

$

26,431

 

 

 

Depreciation and amortization expense related to premises and equipment was $4.4 million, $4.0 million and $3.3 million for the years ended December 31, 2021, 2020 and 2019, respectively.