Fixed Assets

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Fixed Assets

FIXED ASSETS

A summary of fixed assets is as follows:

	December 31,
($ in thousands)	2023		2022
Land	$	11,716	$	12,362
Buildings and leasehold improvements	50,720		50,243
Furniture, fixtures and equipment	21,526		19,569
	83,962		82,174
Less accumulated depreciation and amortization	41,281		39,189
Total fixed assets	$	42,681	$	42,985

Depreciation and amortization of fixed assets included in noninterest expense amounted to $5.1 million, $5.6 million, and $6.1 million in 2023, 2022, and 2021, respectively.

In 2023, the Company completed an asset sale-leaseback on a branch location in the Kansas City market and recorded a gain of $0.1 million. In 2021 the Company commenced the process to close three branch locations in California related to the First Choice acquisition. A lease and fixed asset impairment charge of $0.4 million was recognized and reported in merger-related expenses. Additionally, the Company also commenced the process to close two branches in St. Louis and consolidate the operations and customers of these branches with other nearby locations. An impairment charge of $3.4 million on these branches was recognized in 2021 for buildings, leases and fixed assets.