PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 4 – PREMISES AND EQUIPMENT

Premises and equipment are summarized as follows:

	December 31,
(Dollars in thousands)	2019		2018
Land	$	2,604	$	2,604
Building		7,698		7,691
Leasehold improvements		3,944		2,849
Furniture, fixtures and equipment		3,589		3,306
Computer equipment		1,553		1,413
Computer software		563		371
Construction in process		53		725
Premises and equipment, gross		20,004		18,959
Accumulated depreciation		(5,544)		(4,568)
Premises and equipment, net	$	14,460	$	14,391

Depreciation expense for premises and equipment totaled $1.0 million, $848,000 and $545,000  for the years ended December 31, 2019, 2018 and 2017, respectively.