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Premises and Equipment
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Premises and Equipment

7.

PREMISES AND EQUIPMENT  

Premises and equipment and applicable depreciable lives are summarized as follows:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in Thousands)

 

Land

 

$

6,269

 

 

$

6,407

 

Premises (40 years)

 

 

28,575

 

 

 

28,387

 

Furniture, fixtures and equipment (3-7 years)

 

 

17,136

 

 

 

16,942

 

Total cost of premises and equipment

 

 

51,980

 

 

 

51,736

 

Less accumulated depreciation

 

 

(23,774

)

 

 

(22,570

)

Premises and equipment, net

 

 

28,206

 

 

 

29,166

 

Construction in progress

 

 

 

 

 

50

 

Total premises and equipment, net

 

$

28,206

 

 

$

29,216

 

 

Depreciation expense of $1.7 million and $1.6 million was recorded in 2020 and 2019, respectively.