Premises and equipment in the accompanying consolidated balance sheets consisted of the following:


(Dollars in thousands)	Estimated Useful Life	March 31, 2026			December 31, 2025
Building and building improvements	30 - 40 years and 5 - 40 years	$	26,077		$	14,353
Land			6,633			3,894
Equipment	3 - 5 years		8,051			7,571
Leasehold improvements	3 - 12 years		14,804			14,513
Furniture and fixtures	5 - 10 years		7,509			5,979
Automobiles	5 years		58			58
Construction in process			393			172
			63,525			46,540
Accumulated depreciation			(22,967	)		(21,751	)
		$	40,558		$	24,789

Depreciation expense was approximately $1.2 million and $1.0 million for the three months ended March 31, 2026 and 2025, respectively. Depreciation expense is included in occupancy and equipment expense in the accompanying consolidated statements of income.