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PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2024
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)

    

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

Depreciation expense related to premises and equipment follows:

Years Ended December 31,  (in thousands)

    

2024

    

2023

    

2022

Depreciation expense

$

6,911

$

7,063

$

7,598