Premises and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

9. PREMISES AND EQUIPMENT

The following table shows the components of premises and equipment, at cost, summarized by major classifications:

	December 31,
(Dollars in thousands)	2020		2019
Land	$	20,209	$	20,209
Buildings	35,343		34,637
Leasehold improvements	63,365		62,523
Furniture and equipment	67,336		64,445
	186,253		181,814
Less: Accumulated depreciation	89,697		77,349
	$	96,556	$	104,465

The Company recognized depreciation expense of $14.3 million, $15.0 million and $8.3 million for the years ended December 31, 2020, 2019 and 2018, respectively.