Land, Premises and Equipment, Net

12 Months Ended

Dec. 31, 2022

Land, Premises and Equipment, Net

Land, Premises and Equipment, Net

NOTE 7 Land, Premises and Equipment, Net

Components of land, premises and equipment at December 31, 2022 and 2021 were as follows:

	December 31,		December 31,
(dollars in thousands)	2022		2021
Land	$	4,542	$	4,542
Buildings and improvements		26,625		25,633
Leasehold improvements		2,657		2,657
Furniture, fixtures, and equipment		36,013		35,063
		69,837		67,895
Less accumulated depreciation		(52,549)		(49,525)
Total	$	17,288	$	18,370

Depreciation expense for the years ended December 31, 2022, 2021, and 2020 amounted to $3.0 million, $3.6 million, and $3.9 million, respectively.