Premises and Equipment

12 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Premises and Equipment

Note 6. Premises and Equipment

A summary of premises and equipment at December 31, 2021 and 2020 is as follows:

	December 31,
	2021			2020
	(in thousands)
Land	$	932		$	3,897
Buildings and improvements		4,327			17,119
Leasehold improvements		16,462			26,104
Furniture, fixtures and equipment		9,661			9,184
		31,382			56,304
Less accumulated depreciation and amortization		(11,765	)		(24,259	)
Total premises and equipment, net	$	19,617		$	32,045

Depreciation and amortization expense amounted to $2.5 million for each of the years ended December 31, 2021 and 2020, and $2.2 million for the year ended December 31, 2019, respectively, and are included in occupancy expense in the accompanying consolidated statements of operations. Buildings and improvements decreased by $12.8 million to $4.3 million at December 31, 2021 mainly due to the sale of real property offset by increases to investments made to the branch network and other product delivery services as part of the branch renovation initiative. Leasehold improvements decreased $9.6 million to $16.5 million mainly due to the sale of real property and $2.3 million offset in branch renovation initiative. Land decreased $3.0 million to $932,000 at December 31, 2021 as a result of the sale of real property. Furniture, fixtures and equipment increased $477,000 to $9.7 million at December 31, 2021, mainly as a result of renovations of premises and purchases of laptops and software to facilitate remote working during the COVID-19 pandemic.