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Premises and equipment, net

12 Months Ended

Dec. 31, 2021

Premises and equipment, net

Premises and equipment, net

6. Premises and equipment, net:

Premises and equipment at December 31, 2021 and 2020 are summarized as follows:

​

​	​	​	​	​	​	​	​
December 31		2021			2020
Land	​	$	7,255	​	$	5,217	​
Premises and leasehold improvements	​		50,426	​		48,596	​
Right-of-use assets	​	​	8,563	​	​	6,282	​
Furniture, fixtures and equipment	​		19,096	​		18,395	​
​	​		85,340	​		78,490	​
Less: accumulated depreciation	​		33,838	​		31,445	​
​	​	$	51,502	​	$	47,045	​

​

The increase in land at December 31, 2021 is due to the purchase of a property in Doylestown, PA for the construction of a new branch office. The construction of the branch is contracted at a total cost of $2.3 million.

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- References

No definition available.

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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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://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 http://asc.fasb.org/extlink&oid=120429125&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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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