XML 55 R41.htm IDEA: XBRL DOCUMENT v3.20.4
Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Premises and Equipment
Premises and equipment are carried at cost and consist of the following:
As of December 31,20202019
Land$6,178,000 $5,100,000 
Land improvements1,710,000 1,100,000 
Buildings28,067,000 21,946,000 
Equipment11,878,000 12,858,000 
47,833,000 41,004,000 
Less accumulated depreciation20,582,000 19,699,000 
Total premises and equipment$27,251,000 $21,305,000 
Schedule of Anticipated Rental Revenue
Future minimum receipts under lease agreements at December 31, 2020 by year and in the aggregate are:
2021$129,000 
2022125,000 
202341,000 
202416,000 
$311,000 
Right-of-use Asset and Lease Liability
The right‑of‑use asset and lease liability by lease type, and the associated balance sheet classifications as of December 31, 2020 were as follows:

Balance Sheet Classification
Right-of-use assets:
Operating leasesPremises and equipment, net$511,000
Lease liabilities:
Operating leasesOther liabilities$511,000
Future Lease Payments for Operating Leases
Future lease payments for operating leases with initial terms of one year or more as of December 31, 2020 are as follows:

2021$28,000
202228,000 
202328,000 
202428,000 
202528,000 
Thereafter486,000 
Total undiscounted lease payments626,000 
Less: imputed interest115,000 
Net lease liability$511,000