Premises and Equipment and Assets Held for Sale

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 and were as follows:

	2019			2018
Premises	$	54,798		$	55,112
Furniture, fixtures and equipment		16,987			13,593
Leasehold improvements		5,957			5,022
Total cost		77,742			73,727
Less accumulated depreciation and amortization		(26,246	)		(22,408	)
Net book value of premises, furniture, fixtures, equipment, and leasehold improvements		51,496			51,319
Construction in progress		850			830
Land		43,794			45,531
Premises and equipment, net	$	96,140		$	97,680

Depreciation and amortization expense related to premises and equipment for the years ended December 31, 2019, 2018, and 2017 was $6.4 million, $5.6 million and $5.2 million, respectively. Refer to Note 17—Commitments and Contingent Liabilities for additional discussion related to operating lease commitments.

During 2017, the Company closed and consolidated two branches within our branch network based on a detailed assessment of the branch network and analysis of branch and market data. During 2018, an additional six branches and two other facilities were closed and consolidated, and during 2019, two additional branches were closed and consolidated. Branches owned by the Company and actively marketed for sale are transferred to assets held for sale based on the lower of 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. The following table presents the change in assets held for sale for the years ended December 31, 2019, 2018, and 2017:

	2019			2018			2017
Beginning balance	$	14,489		$	9,779		$	14,748
Transfers in		2,733			9,074			3,372
Transfers out		—			(425	)		—
Proceeds from sales		(1,373	)		(4,415	)		(5,373	)
Internally financed sales		—			—			(1,800	)
Net gains (losses) on sales		82			1,103			(217	)
Impairment loss		(569	)		(627	)		(951	)
Ending balance	$	15,362		$	14,489		$	9,779