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Premises and Equipment
12 Months Ended
Dec. 31, 2021
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)

 

 

 

2021

 

 

2020

 

Land

 

$

6,652

 

 

$

6,951

 

Buildings (useful life 15-39 years)

 

 

30,929

 

 

 

30,124

 

Furnishings (useful life 3-15 years)

 

 

23,160

 

 

 

20,947

 

 

 

 

60,741

 

 

 

58,022

 

Less: Accumulated depreciation

 

 

(33,828

)

 

 

(30,959

)

Premises and Equipment (Net)

 

$

26,913

 

 

$

27,063

 

 

Depreciation expense for the years ended December 31, 2021, 2020, and 2019 amounted to $2.6, $2.5, and $2.3 million, respectively.