v3.25.4
Premises and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment, Net PREMISES AND EQUIPMENT, NET
Premises and equipment are 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 lease term or the estimated useful life of the assets. The following is a summary of premises and equipment, net (in thousands):
 December 31,
2025
December 31,
2024
Leasehold improvements$168,195 $164,152 
Software, including internally-developed93,391 64,880 
Furniture and equipment65,116 56,813 
Projects in process
31,055 6,087 
Accumulated depreciation and amortization(177,559)(145,733)
Premises and equipment, net$180,199 $146,199