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Premises and Equipment | 12 Months Ended
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Dec. 31, 2020
Property Plant And Equipment [Abstract] |
Premises and Equipment | Note 5 – Premises and Equipment The major categories of banking premises and equipment and accumulated depreciation at December 31 are summarized below:
|  | (In Thousands) |
|  | 2020 |  |  | 2019 |
Land |  | $ | 6,951 |  |  | $ | 6,951 |
Buildings (useful life 15-39 years) |  |  | 30,124 |  |  |  | 28,845 |
Furnishings (useful life 3-15 years) |  |  | 20,947 |  |  |  | 22,045 |
|  |  | 58,022 |  |  |  | 57,841 |
Less: Accumulated depreciation |  |  | (30,959 | ) |  |  | (31,558 | )
Premises and Equipment (Net) |  | $ | 27,063 |  |  | $ | 26,283 |
Depreciation expense for the years ended December 31, 2020, 2019, and 2018 amounted to $2.5, $2.3, and $1.7 million, respectively. Construction in progress was zero as of December 31, 2020. At the end of 2019, construction in progress was $68 thousand for a new Fort Wayne Indiana branch to be opened in 2021.

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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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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