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Bank Premises and Equipment, Net
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020 were as follows:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Land

 

$

6,644

 

 

$

6,644

 

Buildings and improvements

 

 

18,561

 

 

 

18,498

 

Furniture and equipment

 

 

8,815

 

 

 

8,358

 

 

 

$

34,020

 

 

$

33,500

 

Less accumulated depreciation

 

 

15,771

 

 

 

14,775

 

Bank premises and equipment, net

 

$

18,249

 

 

$

18,725

 

 

Depreciation expense on buildings and improvements was $482 thousand and $500 thousand for the years ended 2021 and 2020, respectively. Depreciation expense on furniture and equipment was $514 thousand and $527 thousand for the years ended 2021 and 2020, respectively.