PREMISES & EQUIPMENT

12 Months Ended

Dec. 31, 2020

PREMISES & EQUIPMENT [Abstract]

PREMISES & EQUIPMENT

6. PREMISES & EQUIPMENT

Premises and equipment at December 31, 2020 and 2019 are summarized as follows (in thousands):

	December 31,
	2020		2019
Land	$	5,385	$	5,110
Buildings		19,373		17,835
Furniture, fixtures and equipment		7,046		6,916
Construction in process		147		192
		31,951		30,053
Less: accumulated depreciation		15,003		14,120
Premises and equipment, net	$	16,948	$	15,933

Depreciation expense amounted to $921,000, $784,000 and $751,000 for 2020, 2019 and 2018, respectively.