PREMISES AND EQUIPMENT

6 Months Ended

Jun. 30, 2020

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 7: PREMISES AND EQUIPMENT

The components of premises and equipment as of the dates shown below were as follows:

(Dollars in thousands)	June 30, 2020		December 31, 2019
Land	$	13,466	$	13,466
Buildings and leasehold improvements		53,919		53,869
Furniture and equipment		16,067		15,917
Vehicles		203		203
Construction in progress		1,389		343
		85,044		83,798
Less accumulated depreciation		(34,315)		(32,923)
Premises and equipment, net	$	50,729	$	50,875

Depreciation expense was $1.5 million and $1.6 million for the six months ended June 30, 2020 and 2019, respectively, which is included in net occupancy expense on the Company’s condensed consolidated statements of income.