PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

6. PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Premises, equipment and leasehold improvements are summarized in the table below.

	December 31,
	2021			2020
Bank buildings	$	1,861,237		$	1,861,237
Land		838,075			838,075
Leasehold purchases		30,000			30,000
Leasehold improvements		2,595,825			2,589,195
Construction in progress		31,654			24,307
Equipment		4,241,305			4,113,013
		9,598,096			9,455,827
Accumulated depreciation		(5,815,160	)		(5,402,294	)
Total	$	3,782,936		$	4,053,533

Depreciation on our bank premises and equipment charged to operating expense totaled $412,866, $421,040, and $230,377, during the year ended December 31, 2021, 2020, and 2019, respectively.