Banking Premises and Equipment

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Banking Premises and Equipment

9. BANKING PREMISES AND EQUIPMENT

A summary of the cost and accumulated depreciation and amortization of property, leasehold improvements, and equipment is presented below:

	December 31,						Estimated
	2019			2018			Useful Lives
	(dollars in thousands)
Land	$	1,116		$	1,116
Building and leasehold improvements		17,817			12,175		3-30 years
Equipment, including vaults		13,686			11,613		3-20 years
Work in process		550			84
Subtotal		33,169			24,988
Accumulated depreciation and amortization		(18,413	)		(16,410	)
Total	$	14,756		$	8,578

Total depreciation expense for the years ended December 31, 2019, 2018, and 2017 amounted to approximately $2.0 million, $1.9 million and $1.9 million, respectively, and is included in occupancy and equipment expenses in the accompanying consolidated statements of income.