Annual report pursuant to Section 13 and 15(d)

Premises and Equipment

v3.24.0.1
Premises and Equipment
 12 Months Ended
Dec. 31, 2023
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,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Land

 

$

5,319

 

 

$

6,850

 

Building and improvements

 

 

9,420

 

 

 

12,643

 

Furniture and equipment

 

 

31,014

 

 

 

30,341

 

Leasehold improvements

 

 

20,130

 

 

 

18,246

 

Fixed assets in process

 

 

1,059

 

 

 

32

 

 

 

66,942

 

 

 

68,112

 

Accumulated depreciation and amortization

 

 

(44,983

)

 

 

(45,262

)

Total premises and equipment, net

 

$

21,959

 

 

$

22,850

 

 

Depreciation and amortization expense related to premises and equipment was $3.3 million, $3.9 million and $4.4 million for the years ended December 31, 2023, 2022 and 2021, respectively.