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Premises and Equipment

12 Months Ended

Dec. 31, 2020

Premises and Equipment

Premises and Equipment

(5)      Premises and Equipment

A summary of premises and equipment at December 31, 2020 and 2019 is as follows:

​

​	​	​	​	​	​	​
(in thousands)		2020			2019
Land and land improvements	​	$	9,452	​	$	9,433
Buildings and improvements	​		35,520	​		34,926
Furniture and equipment	​		13,570	​		14,081
Operating leases - right of use asset	​	​	2,594	​	​	2,425
Construction in progress	​		268	​		77
Total	​		61,404	​		60,942
Less accumulated depreciation	​		26,843	​		25,554
Premises and equipment, net	​	$	34,561	​	$	35,388

​

Depreciation expense for the years ended December 31, 2020, 2019, and 2018 was as follows:

​

​	​	​	​	​	​	​	​	​	​
(in thousands)		2020			2019			2018
Depreciation expense	​	$	2,265	​	$	2,062	​	$	1,797

​

X

- References

No definition available.

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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

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