Premises and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

The Company’s premises and equipment consists of the following as of September 30, 2021 and December 31, 2020:

($ in thousands)	September 30, 2021		December 31, 2020
Leasehold improvements	$	7,095	$	6,878
Furniture and fixtures	3,377		3,307
Equipment and others	2,912		2,593
Total cost	13,384		12,778
Accumulated depreciation	(9,185)		(8,234)
Net book value	$	4,199	$	4,544

Total depreciation expense included in occupancy and equipment expenses was $332 thousand and $326 thousand for the three months ended September 30, 2021 and 2020, respectively, and $989 thousand and $981 thousand for the nine months ended September 30, 2021 and 2020, respectively.