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PREMISES AND EQUIPMENT, NET

12 Months Ended

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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