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PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
PREMISES AND EQUIPMENT

NOTE 5 - PREMISES AND EQUIPMENT

Premises and equipment balances, by type, were as follows:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Land

 

$

10,944

 

 

$

10,944

 

Building and improvements

 

 

58,569

 

 

 

54,809

 

Furniture, fixtures and equipment

 

 

19,641

 

 

 

17,960

 

Automobiles

 

 

400

 

 

 

495

 

 

 

 

89,554

 

 

 

84,208

 

Less: accumulated depreciation

 

 

34,342

 

 

 

30,777

 

 

 

$

55,212

 

 

$

53,431

 

 

Depreciation expense on premises and equipment totaled $4,117, $3,886 and $3,400 for the years ended December 31, 2020, 2019 and 2018, respectively, and is included in occupancy expenses on the consolidated statements of earnings.