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PREMISES & EQUIPMENT
12 Months Ended
Dec. 31, 2021
PREMISES & EQUIPMENT [Abstract]  
PREMISES & EQUIPMENT
6. PREMISES & EQUIPMENT


Premises and equipment at December 31, 2021 and 2020 are summarized as follows (in thousands):

 
December 31,
 
   
2021
   
2020
 
Land
 
$
5,462
   
$
5,385
 
Buildings
   
20,094
     
19,373
 
Furniture, fixtures and equipment
   
7,275
     
7,046
 
Construction in process
   
67
     
147
 
     
32,898
     
31,951
 
Less: accumulated depreciation
   
15,882
     
15,003
 
Premises and equipment, net
 
$
17,016
   
$
16,948
 



Depreciation expense amounted to $922,000, $921,000 and $784,000 for 2021, 2020 and 2019, respectively.