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PREMISES AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2019
PREMISES AND EQUIPMENT  
Schedule of premises and equipment

Premises and equipment are summarized as follows as of December 31, 2019 and 2018 (dollars in thousands):

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2019

    

2018

Furniture and Equipment (useful life of 3 to 7 years)

 

$

9,961

 

$

8,773

Furniture and Equipment in Process

 

 

2,175

 

 

 —

Leasehold Improvements (useful life of 3 to 10 years)

 

 

11,092

 

 

11,387

Leasehold Improvements in Process

 

 

3,768

 

 

 —

Total Premises and Equipment

 

 

26,996

 

 

20,160

Less accumulated depreciation and amortization

 

 

(14,896)

 

 

(13,283)

Total Premises and Equipment, net

 

$

12,100

 

$

6,877