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PROPERTY AND EQUIPMENT
 12 Months Ended
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.