Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Premises and Equipment

Summary of Premises and Equipment

Premises and equipment are stated at cost less accumulated depreciation and are summarized as follows:

	December 31,
	2021		2020
Land	$	844	$	844
Buildings		5,562		5,562
Leasehold improvements		205		191
Furniture and equipment		1,478		1,394
Automobile		66		44
In-progress improvements		87		—
Totals		8,242		8,035
Less: Accumulated depreciation		2,736		2,441
Premises and equipment, net	$	5,506	$	5,594

Schedule of Future Minimum Rental Payments for Operating Leases

Rent commitments, before considering renewal options that are present, are as follows as of December 31, 2021:

2022	$	197
2023		169
2024		150
2025		152
2026		155
2027		117
Total	$	940

Schedule of Future Minimum Rental Payments Receivable

The Company also entered into a lease with a tenant for a portion of the Brookfield branch, commencing June 1, 2018 through May 31, 2024. As of December 31, 2021, minimum future rents receivable are as follows:

2022	$	103
2023		106
2024		44
Total	$	253