Premises and Equipment

12 Months Ended

Dec. 31, 2019

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	2019			2018
Land			$5,137			$5,137
Furniture and equipment	3-7 years	11,778			10,917
Tenant improvements	2-15 years	9,161			8,268
Buildings	39 years	36,205			35,626
Total Premises and Equipment		62,281			59,948
Accumulated depreciation and amortization		(23,859		)	(20,858		)
Total Premises and Equipment, Net			$38,422			$39,090

Depreciation expense and amortization of leasehold improvements was $3.0 million, $2.3 million, and $2.9 million for the years ended December 31, 2019, 2018, and 2017, 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 2019 or 2017.