Premises and Equipment

6 Months Ended

Jun. 30, 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	June 30,			December 31,
(Dollars in thousands)	Useful Life	2022			2021
Building and building improvements	30 years or 3 - 10 years	$	12,479		$	12,156
Land			3,894			3,894
Equipment	3 - 5 years		5,169			4,308
Leasehold improvements	3 - 10 years		4,984			2,888
Furniture and fixtures	3 - 5 years		2,908			2,541
Construction in process			2,478			1,174
			31,912			26,961
Accumulated depreciation			(9,024	)		(7,916	)
		$	22,888		$	19,045

Depreciation expense for the six months ended June 30, 2022 and 2021 amounted to approximately $1,108,000 and $807,000, respectively. Depreciation expense is included in occupancy and equipment expense in the accompanying consolidated statements of income.