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Premises and Equipment (Tables)
12 Months Ended
Dec. 31, 2020
Premises and Equipment  
Schedule of summary of premises and equipment

 

 

 

 

 

 

 

 

 

 

    

Useful

    

December 31,

 

 

lives

 

2020

 

2019

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

  

 

$

685

 

$

685

Buildings

 

5-50 years

 

 

6,672

 

 

6,555

Equipment and fixtures

 

5-30 years

 

 

8,055

 

 

7,596

Construction in progress

 

  

 

 

99

 

 

103

Operating Lease Assets

 

 

 

 

623

 

 

745

 

 

  

 

 

16,134

 

 

15,684

Accumulated depreciation

 

  

 

 

(12,281)

 

 

(11,923)

 

 

  

 

 

  

 

 

  

 

 

  

 

$

3,853

 

$

3,761

 

Schedule of future minimum payments of the Bank?s operating leases

Future minimum payments of the Bank’s operating leases as of December 31, 2020 are as follows:

 

 

 

 

 

Year ending December 31,

    

Amount

 

 

(dollars in thousands)

2021

 

$

185

2022

 

 

153

2023

 

 

156

2024

 

 

161

2025

 

 

 3

Thereafter

 

 

 2

Total

 

$

660