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PREMISES AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT PREMISES AND EQUIPMENT
The following table summarizes premises and equipment at December 31, 2022 and 2021.
20222021
Land$7,583 $8,586 
Buildings and improvements24,813 27,852 
Leasehold improvements5,359 5,593 
Furniture and equipment21,849 23,681 
Construction in progress59 171 
59,663 65,883 
Less accumulated depreciation30,335 31,838 
$29,328 $34,045 
Depreciation expense totaled $2.1 million, $2.3 million, and $3.2 million for the years ended December 31, 2022, 2021 and 2020, respectively. During 2022, the Company announced strategic initiatives to drive long-term growth and improve operating efficiencies, which included the planned closure of five branch locations in Pennsylvania, and resulted in reductions to gross premises and equipment by $6.2 million and accumulated depreciation by $2.9 million due to write-downs of premises and equipment and the transfer of land and buildings to held-for-sale.