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4. Premises and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Premises and Equipment

Major classifications of premises and equipment at December 31, 2019 and 2018 are summarized as follows:

 

(Dollars in thousands)

 

   2019  2018
       
Land  $2,793    2,889 
Buildings and improvements   18,931    19,796 
Furniture and equipment   24,743    22,443 
Construction in process   395    381 
           
Total premises and equipment   46,862    45,509 
           
Less accumulated depreciation   28,258    27,059 
           
Total net premises and equipment  $18,604    18,450 

 

The Company recognized approximately $2.3 million in depreciation expense for the years ended December 31, 2019 and 2018. Depreciation expense was approximately $2.1 million for the year ended December 31, 2017.

 

The Company had $239,000 and $544,000 net losses on the sale of and write-downs on premises and equipment for the years ended December 31, 2019 and 2018, respectively.