XML 18 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Bank Premises and Equipment
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Bank Premises and Equipment

(8)

Bank Premises and Equipment

At December 31, 2019 and 2018, bank premises and equipment are as follows:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

2019

 

 

2018

 

Land

 

$

3,911

 

 

$

4,305

 

Buildings

 

 

18,141

 

 

 

19,490

 

Furniture, fixtures, and equipment

 

 

12,491

 

 

 

11,837

 

Leasehold improvements

 

 

1,486

 

 

 

1,363

 

Construction in progress

 

 

2,001

 

 

 

83

 

Total cost

 

 

38,030

 

 

 

37,078

 

Less accumulated depreciation

 

 

(13,093

)

 

 

(11,775

)

Total bank premises and equipment

 

$

24,937

 

 

$

25,303

 

 


As of December 31, 2019, construction in process included furniture and fixtures, computer equipment, and facility improvements associated with a commercial building in Harrisburg, Pennsylvania that will serve as a central training and meeting facility for Mid Penn.  The renovations were substantially completed in January 2020 and Mid Penn employees took occupancy at that time.  

 

Depreciation expense was $2,815,000 in 2019, $2,395,000 in 2018, and $1,464,000 in 2017.