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BANK PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
BANK PREMISES AND EQUIPMENT BANK PREMISES AND EQUIPMENT
Bank premises and equipment are stated at cost less accumulated depreciation as follows:
(dollars in thousands)December 31, 2023December 31, 2022
Land, buildings, and improvements$93,955 $77,869 
Furniture, fixtures, and equipment26,205 24,512 
Total bank premises and equipment120,160 102,381 
Less accumulated depreciation55,010 51,912 
Total bank premises and equipment, net$65,150 $50,469 
Depreciation expense by category is as follows:
Year Ended December 31,
(dollars in thousands)202320222021
Buildings and improvements$1,879 $1,623 $1,694 
Furniture, fixtures, and equipment1,229 1,420 1,380 
Total depreciation expense$3,108 $3,043 $3,074 
During 2021, six branches were closed or consolidated as part of a branch rationalization plan. The related bank premises were transferred to held for sale at the lower of the carrying value or the fair value, less estimated costs to sell. There was no bank premises held for sale as of December 31, 2023 and $0.2 million of bank premises held for sale as of December 31, 2022.