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Bank Premises and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Bank Premises and Equipment, Net

NOTE 6. Bank Premises and Equipment, Net

The major classes of bank premises and equipment and the total accumulated depreciation at December 31, 2020 and 2019 were as follows:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Land

 

$

6,644

 

 

$

6,644

 

Buildings and improvements

 

 

18,498

 

 

 

18,472

 

Furniture and equipment

 

 

8,358

 

 

 

7,972

 

 

 

$

33,500

 

 

$

33,088

 

Less accumulated depreciation

 

 

14,775

 

 

 

13,791

 

Bank premises and equipment, net

 

$

18,725

 

 

$

19,297

 

 

Depreciation expense on buildings and improvements was $500 thousand and $494 thousand for the years ended 2020 and 2019, respectively. Depreciation expense on furniture and equipment was $527 thousand and $463 thousand for the years ended 2020 and 2019, respectively.