v3.22.4
Premises and Equipment, Net
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Premises and Equipment, Net PREMISES AND EQUIPMENT, NETPremises and equipment is recorded at cost and depreciated or amortized using the straight line method over the estimated useful lives of the assets, which primarily range from 3 to 10 years for office furniture, equipment and software. Leasehold improvements are amortized over the shorter of the related lease term or the estimated useful life of the assets. The following is a summary of premises and equipment, net (in thousands):
 December 31,
2022
December 31,
2021
Leasehold improvements$160,947 $140,287 
Furniture and equipment38,583 33,074 
Software, including internally-developed25,491 20,176 
Construction in process1,323 4,503 
Accumulated depreciation and amortization(73,868)(46,353)
Premises and equipment, net$152,477 $151,687