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PROPERTY AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | Note 7—PROPERTY AND EQUIPMENT Property and equipment consisted of the following:
|  | December 31, |
(Dollars in thousands) |  | 2020 |  |  | 2019 |
Land |  | $ | 11,166 |  |  | $ | 11,166 |
Premises |  |  | 29,342 |  |  |  | 28,995 |
Equipment |  |  | 7,050 |  |  |  | 6,284 |
Fixed assets in progress |  |  | 62 |  |  |  | 88 |
Property and equipment, gross |  |  | 47,620 |  |  |  | 46,533 |
Accumulated depreciation |  |  | 13,162 |  |  |  | 11,525 |
Property and Equipment Net |  | $ | 34,458 |  |  | $ | 35,008 |
Provision for depreciation included in operating expenses for the years ended December 31, 2020, 2019 and 2018 amounted to $1.6 million, $1.6 million, and $1.5 million, respectively. Premises held-for-sale was $591 thousand at December 31, 2020. It increased to $591 thousand at December 31, 2019 from $0 at December 31, 2018 due to our consolidation of our mortgage loan production office in Richland County, South Carolina to other existing Bank offices that resulted in a write-down of the real estate of $282 thousand during the fourth quarter of 2019 based on the appraised value of the real estate less estimated selling costs.

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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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