Premises and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Premises and Equipment, Net

PREMISES AND EQUIPMENT, NET

Premises and equipment is recorded at cost and depreciated or amortized using the straight line method over the estimated useful lives of the assets, which primarily ranges from 3 to 7 years for office furniture, equipment and computer software. Leasehold improvements are amortized over the shorter of the related lease term or the estimated useful life of the assets. The following is a summary of premises and equipment, net (in thousands):

	December 31, 2021		December 31, 2020
Leasehold improvements	$	140,287	$	104,074
Furniture and equipment	33,074		24,325
Software, including internally-developed	20,176		3,644
Construction in process	4,503		1,249
Accumulated depreciation and amortization	(46,353)		(25,720)
Premises and equipment, net	$	151,687	$	107,572