PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE

12 Months Ended

Dec. 31, 2018

PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE [Abstract]

PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE

11.  PREMISES AND FIXED ASSETS, NET AND PREMISES HELD FOR SALE

The following is a summary of premises and fixed assets, net and premises held for sale:

	At December 31,
	2018			2017
Land	$	1,600		$	1,600
Buildings		10,934			10,828
Leasehold improvements		23,154			22,657
Furniture, fixtures and equipment		23,834			20,095
Premises and fixed assets, gross	$	59,522		$	55,180
Less: accumulated depreciation and amortization		(34,809	)		(30,854	)
Premises and fixed assets, net	$	24,713		$	24,326

Depreciation and amortization expense amounted to approximately $3,903, $3,310 and $2,223 during the years ended December 31, 2018, 2017 and 2016, respectively.

There were no sales of premises and fixed assets during the year ended December 31, 2018. During the year ended December 31, 2017, the Company completed the sale of premises held for sale with an aggregate recorded balance of $1,379 at December 31, 2016. Net proceeds from the sale were $11,791, and a gain of $10,412 was recognized on the sale. During the year ended December 31, 2016, the Company completed the sale of premises held for sale with an aggregate recorded balance of $8,799 at December 31, 2015. Proceeds from the sale were $75,899, and a gain of $68,183 was recognized on the sale.