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Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Premises and Equipment

Schedule of summary of premises and equipment

​

​	​	​	​	​	​	​
(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

Schedule of depreciation expense

​

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

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- Definition

Tabular disclosure of expense recognized during the period that reflects the allocation of the cost of tangible assets over the assets' useful lives.

+ References

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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