PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

5. PREMISES AND EQUIPMENT

A summary of the cost and accumulated depreciation of premises and equipment follows:

December 31, (in thousands)	2021		2020
Land	$	3,818	$	4,303
Buildings and improvements		32,629		33,225
Furniture, fixtures and equipment		51,429		51,467
Leasehold improvements		22,430		21,921
Construction in progress		—		—
Total premises and equipment		110,306		110,916
Less: Accumulated depreciation and amortization		74,233		71,404
Premises and equipment, net	$	36,073	$	39,512

Depreciation expense related to premises and equipment follows:

Years Ended December 31,  (in thousands)	2021		2020		2019
Depreciation expense	$	8,986	$	9,725	$	9,230