Annual report [Section 13 and 15(d), not S-K Item 405]

Premises and Equipment

v3.25.0.1
Premises and Equipment
 12 Months Ended
Dec. 31, 2024
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,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Land

 

$

4,299

 

 

$

5,319

 

Building and improvements

 

 

8,842

 

 

 

9,420

 

Furniture and equipment

 

 

33,494

 

 

 

31,014

 

Leasehold improvements

 

 

19,133

 

 

 

20,130

 

Fixed assets in process

 

 

1,726

 

 

 

1,059

 

 

 

67,494

 

 

 

66,942

 

Accumulated depreciation and amortization

 

 

(46,090

)

 

 

(44,983

)

Total premises and equipment, net

 

$

21,404

 

 

$

21,959

 

 

Depreciation and amortization expense related to premises and equipment was $3.2 million, $3.3 million and $3.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.