PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENTPremises and equipment are summarized as follows:

	As of December 31,
	2022		2021
	(In thousands)
Land	$	22,028	$	12,443
Buildings	73,356		37,447
Lease right-of-use assets	23,538		10,196
Leasehold improvements	8,925		5,871
Furniture, fixtures and equipment	20,220		17,693
Construction in progress	1,609		—
Total	149,676		83,650
Less: accumulated depreciation	22,873		19,942
Premises and equipment, net	$	126,803	$	63,708

Depreciation expense was $5.0 million for the year ended December 31, 2022 and $4.3 million for the year ended December 31, 2021. During 2022, premises and equipment increased $61.4 million and lease right-of-use assets increased $13.6 million due to the Merger. See Note 2 – Acquisitions for further information.