PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

Premises and equipment are summarized as follows:

	December 31,
(dollars in thousands)	2020		2019
Land	$	68,370	$	74,868
Buildings and leasehold improvements	165,058		167,837
Furniture and equipment	74,821		69,108
Construction in progress	4,530		2,282
Premises and equipment, gross	312,779		314,095
Accumulated depreciation	(89,889)		(80,993)
Premises and equipment, net	$	222,890	$	233,102

Depreciation expense was approximately $15.8 million, $13.1 million and $10.0 million for the years ended December 31, 2020, 2019 and 2018, respectively.

At December 31, 2020, estimated costs to complete construction projects in progress and other binding commitments for capital expenditures were not a material amount.