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Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Summary of Premises and Equipment

A summary of premises and equipment as of December 31 follows:

 

(dollars in thousands)

 

2019

 

 

2018

 

Land

 

$

5,020

 

 

$

5,020

 

Building and improvements

 

 

7,822

 

 

 

7,823

 

Furniture, fixtures, and equipment

 

 

6,252

 

 

 

4,833

 

Leasehold improvements

 

 

5,590

 

 

 

4,845

 

 

 

 

24,684

 

 

 

22,521

 

Less accumulated depreciation and amortization

 

 

(8,102

)

 

 

(6,312

)

Construction in progress

 

 

231

 

 

 

1,098

 

 

 

$

16,813

 

 

$

17,307

 

Schedule of Future Minimum Rent Payments on Company's Leases

Future minimum rent payments on the Company's leases were as follows as of December 31, 2019:

 

(dollars in thousands)

 

 

 

 

Year ending December 31:

 

 

 

 

2020

 

$

5,603

 

2021

 

 

4,634

 

2022

 

 

4,192

 

2023

 

 

3,250

 

2024

 

 

2,209

 

Thereafter

 

 

8,998

 

 

 

$

28,886