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PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2023
PREMISES AND EQUIPMENT  
PREMISES AND EQUIPMENT

5.

PREMISES AND EQUIPMENT

A summary of the cost and accumulated depreciation of premises and equipment follows:

December 31, (in thousands)

    

2023

    

2022

Land

$

4,578

$

3,818

Buildings and improvements

 

33,606

 

32,780

Furniture, fixtures and equipment

 

55,023

 

51,652

Leasehold improvements

 

24,893

 

21,755

Construction in progress

 

34

 

547

Total premises and equipment

 

118,134

 

110,552

Less: Accumulated depreciation and amortization

 

84,723

 

78,574

Premises and equipment, net

$

33,411

$

31,978

Depreciation expense related to premises and equipment follows:

Years Ended December 31,  (in thousands)

    

2023

    

2022

    

2021

Depreciation expense

$

7,063

$

7,598

$

8,986