Bank premises and equipment consisted of the following (in thousands): 
 December 31,
20252024
Land$3,552 $3,552 
Buildings and improvements8,102 7,187 
Furniture, fixtures and equipment29,191 17,710 
Leasehold improvements19,650 15,520 
 60,495 43,969 
Less accumulated depreciation and amortization(36,950)(19,500)
 $23,545 $24,469 

Historical Timeline

Fiscal YearFiled
2025Mar 11, 2026Showing above
2024Mar 17, 2025
2023Mar 15, 2024
2022Mar 9, 2023
2021Mar 9, 2022
2020Mar 10, 2021
2019Mar 6, 2020
2018Mar 8, 2019
2017Mar 14, 2018
2016Mar 29, 2017
2015Mar 15, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.