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PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT

Year-end premises and equipment at December 31, 2017 and December 31, 2016 are summarized as follows:
(in thousands, except years)
 
2017
 
2016
 
Estimated Useful Life
Land
 
$
4,849

 
$
2,474

 
N/A
Buildings and improvements
 
48,952

 
27,448

 
5 -39 years
Furniture and equipment
 
6,972

 
8,738

 
3 - 7 years
Premises and equipment, gross
 
60,773

 
38,660

 
 
Accumulated depreciation and amortization
 
(13,065
)
 
(15,241
)
 
 
 
 
 
 
 
 
 
Premises and equipment, net
 
$
47,708

 
$
23,419

 
 


Depreciation expense for the years ended December 31, 2017, 2016 and 2015 amounted to $3.5 million, $1.5 million and $1.7 million, respectively.