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Premises and Equipment | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Premises and Equipment | NOTE 8 – PREMISES AND EQUIPMENT Year-end premises and equipment owned and utilized in the operations of the Company were as follows:
|  |  | 2022 |  |  |  | 2021 |
Land |  | $ | 6,200 |  |  | $ | 6,807 |
Buildings |  |  | 30,296 |  |  |  | 30,950 |
Furniture, fixtures and equipment |  |  | 18,474 |  |  |  | 17,309 |
Leasehold Improvements |  |  | 1,347 |  |  |  | 1,013 |
Right of use assets |  |  | 8,409 |  |  |  | 6,360 |
|  |  | 64,726 |  |  |  | 62,439 |
Less accumulated depreciation |  |  | (25,553 | ) |  |  | (24,919 | )
Net book value |  | $ | 39,173 |  |  | $ | 37,520 |
Depreciation expense was $2.5 million for year ended December 31, 2022, $1.8 million for the year ended December 31, 2021 and $1.5 million for the year ended December 31, 2020, respectively. Year-end premises and equipment subject to lease agreements in which the Company acts as lessor were as follows. See NOTE - 9 for additional lease disclosures:
|  |  | 2022 |  |  |  | 2021 |
Buildings |  | $ | 10,211 |  |  | $ | 7,567 |
Equipment |  |  | 794 |  |  |  | 794 |
|  |  | 11,005 |  |  |  | 8,361 |
Less: accumulated amortization |  |  | (2,596 | ) |  |  | (2,001 | )
Total |  | $ | 8,409 |  |  | $ | 6,360 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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