PREMISES AND EQUIPMENT AND DEVELOPED SOFTWARE (Tables)

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Components of Premises and Equipment and Developed Software

The components of premises and equipment were as follows:

(amounts in thousands)	Expected Useful Life	March 31, 2022		December 31, 2021
Leasehold improvements	5 years	$	28	$	28
Furniture, fixtures and equipment	10 years	243		243
IT equipment	3 to 5 years	1,931		1,813
		2,202		2,084
Accumulated depreciation		(1,786)		(1,738)
Total		$	416	$	346

The components of developed software were as follows:

(amounts in thousands)	Expected Useful Life	March 31, 2022		December 31, 2021
Higher One disbursement business developed software	10 years	$	27,400	$	27,400
Internally developed software	3 to 7 years	41,683		41,683
Work-in-process		2,441		421
		71,524		69,504
Accumulated amortization		(43,855)		(40,911)
Total		$	27,669	$	28,593