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Premises and Equipment, Net
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Premises and Equipment, Net Premises and Equipment, Net
Premises and equipment, net of accumulated depreciation and amortization expense at December 31, 2021 and 2020 are summarized as follows (in thousands):
December 31,
20212020
Land$18,774 $23,109 
Buildings and improvements94,573 99,350 
Leasehold improvements8,460 8,640 
Furniture and equipment30,314 28,707 
Capitalized software6,989 2,932 
Finance lease2,386 1,845 
Other (1)
38,057 10,270 
Total199,553 174,853 
Accumulated depreciation and amortization(73,725)(67,759)
Total premises and equipment, net$125,828 $107,094 
(1) Includes assets under construction of $36.2 million related to the expansion of the Company’s headquarters in Toms River, New Jersey.
Depreciation and amortization expense for the years ended December 31, 2021, 2020, and 2019 amounted to $9.4 million, $8.5 million, and $8.2 million, respectively. Depreciation and amortization expense is presented within occupancy, equipment, and data processing expenses of the Consolidated Statement of Income.