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PREMISES AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT, NET PREMISES AND EQUIPMENT, NET
The following presents a summary of the cost and accumulated depreciation of premises and equipment as of the dates noted:
December 31,
(Dollars in thousands)20232022
Building and building improvements$12,190 $12,190 
Leasehold improvements, including artwork14,336 12,879 
Land4,980 4,980 
Equipment and software6,619 5,815 
Gross premise and equipment38,125 35,864 
Less: accumulated depreciation(12,869)(10,746)
Premises and equipment, net$25,256 $25,118 
During the year ended December 31, 2023 and 2022, the Company retired an immaterial amount of equipment and software for an immaterial loss.
Depreciation expense for premises and equipment for the years ended December 31, 2023 and 2022 totaled $2.2 million and $1.8 million, respectively.