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Premises and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Premises and Equipment

7. PREMISES AND EQUIPMENT

Premises and equipment were comprised of the following as of the dates presented.

 

December 31,

 

 

2024

 

 

2023

 

 

(Dollars in thousands)

 

Land

 

$

8,136

 

 

$

17,967

 

Bank premises

 

 

48,950

 

 

 

68,053

 

Furniture and equipment

 

 

28,103

 

 

 

32,190

 

Premises and equipment, gross

 

 

85,189

 

 

 

118,210

 

Accumulated depreciation and amortization

 

 

(57,646

)

 

 

(73,501

)

Premises and equipment, net

 

$

27,543

 

 

$

44,709

 

 

The decrease in premises and equipment in 2024 was due to the sale and leaseback of four buildings during the year. Total depreciation and amortization expense was approximately $5.9 million, $6.6 million and $6.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.