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PREMISES AND EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2024
PREMISES AND EQUIPMENT |
Summary of the cost and accumulated depreciation of premises and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, (in thousands) |  | 2024 |  | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | $ | 4,578 | ​ | $ | 4,578
Buildings and improvements | ​ |  | 33,222 | ​ |  | 33,606
Furniture, fixtures and equipment | ​ |  | 55,943 | ​ |  | 55,023
Leasehold improvements | ​ |  | 25,824 | ​ |  | 24,893
Construction in progress | ​ |  | 81 | ​ |  | 34
Total premises and equipment | ​ |  | 119,648 | ​ |  | 118,134
Less: Accumulated depreciation and amortization | ​ |  | 87,339 | ​ |  | 84,723
Premises and equipment, net | ​ | $ | 32,309 | ​ | $ | 33,411
Schedule of depreciation expense related to premises and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Years Ended December 31, (in thousands) |  | 2024 |  | 2023 |  | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation expense | ​ | $ | 6,911 | ​ | $ | 7,063 | ​ | $ | 7,598
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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