Premises and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

8. PREMISES AND EQUIPMENT

The following table shows the components of premises and equipment, at cost, summarized by major classifications:

	December 31,
(Dollars in thousands)	2021		2020
Land	$	18,469	$	20,209
Buildings	34,481		35,343
Leasehold improvements	66,098		63,365
Furniture and equipment	70,915		67,336
Gross premises and equipment	189,963		186,253
Less: Accumulated depreciation	102,668		89,697
Net premises and equipment	$	87,295	$	96,556

The Company recognized depreciation expense of $13.5 million, $14.3 million and $15.0 million for the years ended December 31, 2021, 2020 and 2019, respectively.