Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and equipment are stated at cost less accumulated depreciation. Components of property and equipment included in the consolidated balance sheets are as follows:


	December 31,
(dollars in thousands)	2021			2020
Land	$	10,678			10,678
Buildings		22,150			21,966
Leasehold improvements		6,860			5,503
Furniture and equipment		11,589			10,459
Software		389			386
Construction in process		29,942			6,179
Accumulated depreciation and amortization		(15,882	)		(13,703	)
Property and equipment, excluding ROU assets		65,726			41,468
ROU assets		26,644			18,768
Total property and equipment	$	92,370			60,236

Schedule of estimated useful lives of property and equipment

On October 9, 2020 we sold two of our office locations in Columbia, South Carolina and recognized a gain of $180,000 in the transaction. Construction in process at December 31, 2021 and 2020 primarily included costs associated with the new bank headquarters building located in Greenville, South Carolina. Depreciation and amortization expense for the years ended December 31, 2021 and 2020 was $2.2 million and $2.1 million, respectively. Depreciation and amortization are charged to operations utilizing a straight-line method over the estimated useful lives of the assets. The estimated useful lives for the principal items follow:


Type of Asset		Life in Years
Software		3
Furniture and equipment		5 to 7
Leasehold improvements		5 to 15
Buildings		40