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Premises and Equipment
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Premises and Equipment

Note 6.  Premises and Equipment

The components of the Company’s premises and equipment as of December 31, 2020, and December 31, 2019, were as follows:

 

(dollars in thousands)

 

Cost

 

 

Accumulated

Depreciation and

Amortization

 

 

Net Book Value

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Premises

 

$

370,268

 

 

$

(237,024

)

 

$

133,244

 

Equipment

 

 

143,964

 

 

 

(79,817

)

 

 

64,147

 

Finance Leases

 

 

6,593

 

 

 

(4,289

)

 

 

2,304

 

Total

 

$

520,825

 

 

$

(321,130

)

 

$

199,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Premises

 

$

360,170

 

 

$

(235,031

)

 

$

125,139

 

Equipment

 

 

133,725

 

 

 

(72,852

)

 

 

60,873

 

Finance Leases

 

 

6,593

 

 

 

(4,217

)

 

 

2,376

 

Total

 

$

500,488

 

 

$

(312,100

)

 

$

188,388

 

 

Depreciation and amortization (including finance lease amortization) included in noninterest expense was $20.2 million, $17.3 million, and $14.4 million for the years ended December 31, 2020, December 31, 2019, and December 31, 2018, respectively.

During the fourth quarter of 2020, the Company recorded a $1.6 million impairment of the Company’s premises and equipment for the year ended December 31, 2020 related to the decision to permanently close twelve branches and reduce the number of cash-only ATMs.  There was no impairment of the Company’s premises and equipment for the years ended December 31, 2019 and December 31, 2018.