Premises and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Premises and Equipment

A summary of premises and equipment at December 31, 2019 and 2018, is as follows (in thousands): 

	Useful Life	2019		2018
Land and land improvements	Indefinite	$	14,712	$	14,712
Building and leasehold improvements	15-40 years	38,640		36,640
Furniture, fixtures and equipment	3-7 years	13,744		12,318
Construction in progress		5,523		2,875
Total, gross		72,619		66,545
Accumulated depreciation		(13,186)		(10,533)
Total, net		$	59,433	$	56,012

At December 31, 2019 management estimates the cost necessary to complete the construction in progress will be approximately $1.4 million.

Depreciation and amortization expense was $2.8 million and $2.6 million for the years ended December 31, 2019 and 2018, respectively.