PREMISES AND EQUIPMENT

12 Months Ended

Dec. 31, 2020

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT

NOTE F - PREMISES AND EQUIPMENT

Premises and equipment owned and utilized in the operations of the Company are stated at cost, less accumulated depreciation and amortization as follows:

($ in thousands)	2020		2019
Premises:
Land	$	34,976	$	30,094
Buildings and improvements		78,490		63,346
Equipment		26,992		22,394
Construction in progress		521		6,258
		140,979		122,092
Less accumulated depreciation and amortization		26,156		23,634
	$	114,823	$	98,458

The amounts charged to operating expense for depreciation were $4.9 million, $3.8 million and $2.6 million in 2020, 2019 and 2018, respectively.