Premises and Equipment, Net

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

At December 31, 2020 and 2019, premises and equipment, less accumulated depreciation and amortization, consists of the following (in thousands):


	December 31,
	2020		2019
At cost:
Land	$	5,156	$	4,018
Buildings and improvements	13,078		10,660
Capital leases	2,600		2,600
Furniture, fixtures, and equipment	29,880		26,179
Leasehold improvements	27,971		27,886
	78,685		71,343
Accumulated depreciation and amortization	(50,497)		(45,684)
Premises and equipment, net	$	28,188	$	25,659

Depreciation expense for the years ended December 31, 2020, 2019, and 2018, was $3.9 million, $3.6 million, and $3.0 million, respectively. Included in the depreciation expense for the years ended December 31, 2020 and 2019, is $303,000 and $470,000, respectively, of impairment charges on leasehold assets related to branch consolidations. There were no sales of premises and equipment in 2020, 2019, or 2018.