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Premises and Equipment
12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Premises and Equipment

Note 6. Premises and Equipment, net

 

The following table presents premises and equipment, net of accumulated depreciation, as of the dates stated.

 

 

 

December 31,

 

(Dollars in thousands)

 

2021

 

 

2020

 

Buildings and land

 

$

25,517

 

 

$

13,925

 

Furniture, fixtures and equipment

 

 

6,191

 

 

 

3,945

 

Software

 

 

373

 

 

 

325

 

Construction in progress

 

 

41

 

 

 

 

Total cost

 

 

32,122

 

 

 

18,195

 

Less: Accumulated depreciation

 

 

(5,461

)

 

 

(3,364

)

Premises and equipment, net

 

$

26,661

 

 

$

14,831

 

 

Depreciation expense for the years ended December 31, 2021 and 2020 was $2.0 million and $951 thousand, respectively. Software amortization expense for the years ended December 31, 2021 and 2020 was $137 thousand and $55 thousand, respectively.