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Premises and Equipment and Assets Held for Sale
 12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Premises and Equipment and Assets Held for Sale

Note 9—Premises and Equipment and Assets Held for Sale

Classifications of premises and equipment as of December 31, 2017 and 2016 and were as follows:

 

 

 

2017

 

 

2016

 

Premises

 

$

51,743

 

 

$

53,495

 

Furniture, fixtures and equipment

 

 

10,295

 

 

 

7,214

 

Leasehold improvements

 

 

1,538

 

 

 

1,093

 

Total cost

 

 

63,576

 

 

 

61,802

 

Less accumulated depreciation and amortization

 

 

(13,906

)

 

 

(9,780

)

Net book value of premises, furniture, fixtures, equipment, leasehold improvements

 

 

49,670

 

 

 

52,022

 

Construction in progress

 

 

899

 

 

 

3,869

 

Land

 

 

44,655

 

 

 

46,183

 

Premises and equipment, net

 

$

95,224

 

 

$

102,074

 

 

Depreciation and amortization expense related to premises and equipment for the years ended December 31, 2017, 2016, and 2015 was $5.2 million, $5.1 million and $5.8 million, respectively. Refer to Note 17—Commitments and Contingent Liabilities for additional discussion related to operating lease commitments.

During 2015, the Company approved the closure of sixteen retail branches based on a detailed assessment of the branch network and analysis of branch and market data. During 2016 and 2017, an additional twelve and two retail branches were also approved to be closed, respectively. Branches owned by the Company and actively marketed for sale are transferred to assets held for sale based on their carrying value or fair value, less estimated costs to sell. Assets are considered held for sale when management has approved the sale of the assets following a branch closure or other events. An assessment of the recoverability of other long‑lived assets associated with all branches is periodically performed, resulting in impairment losses which are reflected in non-interest expense. The following table presents the change in assets held for sale for the years ended December 31, 2017, 2016, and 2015:

 

 

2017

 

 

2016

 

 

2015

 

Beginning balance

 

$

14,748

 

 

$

2,259

 

 

$

—

 

Transfers in

 

 

3,372

 

 

 

14,496

 

 

 

2,259

 

Proceeds from sales

 

 

(5,373

)

 

 

(2,566

)

 

 

—

 

Internally financed sales

 

 

(1,800

)

 

 

—

 

 

 

—

 

Net gains (losses) on sales

 

 

(217

)

 

 

967

 

 

 

—

 

Impairment loss

 

 

(951

)

 

 

(408

)

 

 

—

 

Ending balance

 

$

9,779

 

 

$

14,748

 

 

$

2,259