PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE 4 — PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2021 and 2020 is as follows:

(Dollars in thousands)

	Estimated Useful
	Life (in years)	2021		2020
Land	N/A	$	3,744	$	3,744
Buildings	5-40		20,929		20,781
Leasehold improvements	1-20		193		187
Equipment	3-25		8,031		7,895
			32,897		32,607
Less:  Accumulated depreciation			14,739		13,929
Total		$	18,158	$	18,678

Depreciation amounted to $1,008,000 for 2021 and $1,041,000 for 2020.