PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT

9. PREMISES AND EQUIPMENT

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

	December 31,
(Dollars in thousands)	2022		2021
Land	$	33,932	$	18,469
Buildings	49,406		34,481
Leasehold improvements	77,845		66,098
Furniture and equipment	55,284		70,915
Gross premises and equipment	216,467		189,963
Less: Accumulated depreciation	100,864		102,668
Net premises and equipment	$	115,603	$	87,295

The Company recognized depreciation expense of $20.9 million, $13.5 million and $14.3 million for the years ended December 31, 2022, 2021 and 2020, respectively.