PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 7 — PREMISES AND EQUIPMENT

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

	At December 31,
	2023		2022
Furniture and Equipment	$	16,175	$	14,451
Land, buildings and improvements		13,479		13,479
Leasehold Improvements		24,636		20,595
Total Premises and Equipment		54,290		48,525
Less accumulated depreciation and amortization		(19,225)		(16,656)
Total Premises and Equipment, net	$	35,065	$	31,869

Depreciation and amortization expense amounted to $2.6 million, $2.5 million and $2.4 million for the years ended December 31, 2023, 2022 and 2021, respectively.