Premises and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

Premises and equipment were as follows at March 31, 2020 and December 31, 2019:

(Dollars in thousands)	March 31, 2020		December 31, 2019
Land	$	3,514	$	2,254
Buildings	10,625		9,825
Leasehold improvements	3,341		2,714
Furniture, fixtures and equipment	7,095		6,539
Total premises and equipment	$	24,575	$	21,332
Less: Accumulated depreciation	7,902		7,494
Net premises and equipment	$	16,673	$	13,838

Depreciation expense was $413 thousand and $327 thousand for the three months ended March 31, 2020 and 2019, respectively.

Most of the Company's branch facilities are rented under non-cancelable operating lease agreements. Total rent expense was $461 thousand and $297 thousand for the three months ended March 31, 2020 and 2019, respectively,