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Premises and Equipment
12 Months Ended
Dec. 31, 2019
Premises And Equipment [Abstract]  
Premises and Equipment

NOTE 10 PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2019 and 2018 are stated at cost less accumulated depreciation and amortization as follows:

Useful Life December 31,
(Years)20192018
(In thousands)
Land$4,363$5,028
Buildings and improvements4074,84067,856
Leasehold improvements5 — 1021,35818,274
Furniture and fixtures3 — 716,68617,137
Information technology and other3 — 729,23024,855
146,477133,150
Less: accumulated depreciation and amortization(65,372)(64,258)
$81,105$68,892

Premises and equipment recorded from the Scotiabank PR & USVI Acquisition amounted to $13.0 million.

Depreciation and amortization of premises and equipment totaled $8.5 million in 2019, $8.9 million in 2018 and $9.0 million in 2017. These are included in the consolidated statements of operations as part of occupancy and equipment expenses.