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PREMISES AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
PREMISES AND EQUIPMENT, NET | PREMISES AND EQUIPMENT, NET The following table summarizes premises and equipment, net, as of the dates indicated:
|  | December 31,
($ in thousands) |  | 2020 |  | 2019
Land |  | $ | 9,020 |  |  | $ | 9,020 |
Building and improvement |  | 109,896 |  |  | 109,450 |
Furniture, fixtures, and equipment |  | 49,495 |  |  | 48,923 |
Leasehold improvements |  | 13,471 |  |  | 15,052 |
Construction in process |  | 482 |  |  | 221 |
Total |  | 182,364 |  |  | 182,666 |
Less accumulated depreciation |  | (60,844) |  |  | (54,645) |
Premises and equipment, net |  | $ | 121,520 |  |  | $ | 128,021 |
During the years ended December 31, 2020, 2019, and 2018, we recorded an impairment loss of $512 thousand, $1.5 million, and $2.0 million on abandoned capitalized software projects. This impairment charge is included in all other expense on the consolidated statements of operations. We recognized depreciation expense of $10.2 million, $10.3 million and $10.9 million for the years ended December 31, 2020, 2019, and 2018.

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