Premises and Equipment

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Premises and Equipment

4.Premises and Equipment

Premises and equipment in the accompanying consolidated balance sheets consisted of the following:

	Estimated	March 31,			December 31,
(Dollars in thousands)	Useful Life	2022			2021
Building and building improvements	30 years or 3 - 10 years	$	12,172		$	12,156
Land			3,894			3,894
Equipment	3 - 5 years		4,638			4,308
Leasehold improvements	3 - 10 years		2,935			2,888
Furniture and fixtures	3 - 5 years		2,803			2,541
Construction in process			2,843			1,174
			29,285			26,961
Accumulated depreciation			(8,439	)		(7,916	)
		$	20,846		$	19,045

Depreciation expense for the three months ended March 31, 2022 and 2021 amounted to $522,000 and $401,000, respectively. Depreciation expense is included in occupancy and equipment expense in the accompanying consolidated statements of income.