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Bank Premises and Equipment
12 Months Ended
Dec. 31, 2021
Bank Premises and Equipment [Abstract]  
Bank Premises and Equipment 6.BANK PREMISES AND EQUIPMENTComponents of bank premises and equipment are summarized as follows: As of December 31,(dollars in thousands)2021 2020 Land$ 3,657 $ 3,655Bank premises 20,515 19,788Furniture, fixtures and equipment 15,833 13,728Leasehold improvements 9,851 9,618Construction in process 494 307 Total 50,350 47,096 Less accumulated depreciation and amortization (21,040) (19,470) Bank premises and equipment, net$ 29,310 $ 27,626 Depreciation expense, which includes amortization of leasehold improvements, was $2.2 million, $1.9 million and $1.5 million for the years ended December 31, 2021, 2020 and 2019. The estimated useful life was 40 years for bank premises, 3 to 7 years for furniture and fixtures and for leasehold improvements was the term of the lease.During the first quarter of 2014, the Company received through foreclosure the deed that secured the collateral for a non-owner occupied commercial real estate loan that was on non-accrual status. The loan, in the amount $1.0 million, was transferred from loans to foreclosed assets held-for-sale and then to bank premises. Currently the building has a tenant under a lease agreement expiring in April 2022, but the Company expects to use the property for future facility expansion.