Premises and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The following summarizes the components of premises and equipment at December 31 for the years indicated:

(In Thousands)	Useful Life	2018			2017
Land			$5,137			$2,562
Furniture and equipment	3-7 years	10,917			8,323
Tenant improvements	2-15 years	8,268			8,323
Buildings	39 years	35,626			38,114
Total Premises and Equipment		59,948			57,322
Accumulated depreciation and amortization		(20,858		)	(19,455		)
Total Premises and Equipment, Net			$39,090			$37,867

Depreciation expense and amortization of leasehold improvements was $2.3 million, $2.9 million, and $2.4 million for the years ended December 31, 2018, 2017, and 2016, respectively.

Related Party Transactions: The Company made $49,000 in payments to related parties for design consultation for Bank branches for the year ended December 31, 2018 and no payments to related parties in 2017 or 2016.