PREMISES AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2018

PREMISES AND EQUIPMENT, NET

Schedule of premises and equipment

The following presents a summary of the cost and accumulated depreciation of premises and equipment at December 31 (in thousands):

	2018		2017
Leasehold improvements, including artwork	$	10,026	$	9,666
Equipment and software		6,916		6,562
Gross Premises and equipment		16,942		16,228
Less accumulated depreciation		(10,842)		(9,451)
Premises and equipment, net	$	6,100	$	6,777

Summary of minimum lease payments pursuant to leases

The Company leases premises under non-cancelable operating leases. The following presents minimum lease payments due pursuant to the leases as of December 31, 2018 for the years indicated (in thousands):

Year	Minimum Payment
2019	$	3,570
2020		3,374
2021		2,815
2022		2,675
2023		2,358
Thereafter		3,446
	$	18,238