PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

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)	2023		2022
Land	$	33,919	$	33,932
Buildings	49,262		49,406
Leasehold improvements	70,431		77,845
Furniture and equipment	57,555		55,284
Gross premises and equipment	211,167		216,467
Less: Accumulated depreciation	106,683		100,864
Net premises and equipment	$	104,484	$	115,603

The Company recognized depreciation expense of $17.9 million, $20.9 million and $13.5 million for the years ended December 31, 2023, 2022 and 2021, respectively.