Property and Equipment

3 Months Ended

Mar. 31, 2021

Property and Equipment Disclosure [Text Block]

Property and equipment, net

Property and equipment are included in "other assets" in the accompanying consolidated balance sheets and consists of the following:


	March 31, 2021		December 31, 2020
	(in thousands)
Building	$	31,770	$	31,675
Parking deck	5,072		5,072
Land	3,068		3,068
Equipment	2,861		2,770
Software	5,393		4,815
Furniture and fixtures	1,778		1,731

Land improvements	317		317
Construction in progress - corporate headquarters	253		—
	50,512		49,448
Accumulated depreciation	(3,763)		(3,262)
Total property and equipment, net	$	46,749	$	46,186

During the first quarter of 2020, the Company sold a portion of both its land and parking deck for approximately $6.5 million to a real estate developer for the development of an apartment building. As of March 31, 2021, the Company had received $5.0 million of the proceeds from the sale and is expected to receive the remaining $1.5 million upon completion of the apartment building. This receivable is included in "other assets" on the accompanying consolidated balance sheet.