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

Major classifications of premises and equipment at December 31, 2020 and 2019 are summarized as follows:

 

(Dollars in thousands)            
     2020      2019  
Land   $ 3,970       3,690  
Buildings and improvements     18,804       18,034  
Furniture and equipment     26,565       24,743  
Construction in process     10       395  
                 
Total premises and equipment     49,349       46,862  
                 
Less accumulated depreciation     30,749       28,258  
                 
Total net premises and equipment   $ 18,600       18,604  

 

The Company recognized depreciation expense totaling $2.5 million for the year ended December 31, 2020 and $2.3 million for the years ended December 31, 2019 and 2018.

 

The Company had no gains or losses on the sale of or write-downs on premises and equipment for the year ended December 31, 2020. The Company has $239,000 net losses on the sale of and write-downs on premises and equipment for the year ended December 31, 2019.