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PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 7 — PREMISES AND EQUIPMENT

Premises and equipment are summarized as follows (in thousands):

​	​	​	​	​	​	​
​	​	At December 31,
​		2024			2023
Furniture and Equipment	​	$	16,413	​	$	16,175
Land, buildings and improvements	​	​	13,479	​	​	13,479
Leasehold Improvements	​		23,467	​		24,636
Total Premises and Equipment	​		53,359	​		54,290
Less accumulated depreciation and amortization	​		(18,395)	​		(19,225)
Total Premises and Equipment, net	​	$	34,964	​	$	35,065

​

Depreciation and amortization expense amounted to $2.7 million, $2.6 million and $2.5 million for the years ended December 31, 2024, 2023 and 2022, respectively.

​

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

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