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4. Premises and Equipment
 12 Months Ended
Dec. 31, 2021
4. Premises and Equipment  
Premises and Equipment

(4)

Premises and Equipment

 

 

 

Major classifications of premises and equipment at December 31, 2021 and 2020 are summarized as follows:

   

(Dollars in thousands)

 

 

 

 

 

 

 2021

 

 

 2020

 

 

 

 

 

 

 

 

Land

 

$3,857

 

 

 

3,970

 

Buildings and improvements

 

 

18,359

 

 

 

18,804

 

Furniture and equipment

 

 

25,420

 

 

 

26,565

 

Construction in process

 

 

-

 

 

 

10

 

 

 

 

 

 

 

 

 

 

Total premises and equipment

 

 

47,636

 

 

 

49,349

 

 

 

 

 

 

 

 

 

 

Less accumulated depreciation

 

 

(31,532)

 

 

(30,749)

 

 

 

 

 

 

 

 

 

Total net premises and equipment

 

$16,104

 

 

 

18,600

 

 

 

A-56

 

 

 

The Bank recognized depreciation expense totaling $2.6 million, $2.5 million and $2.3 million for the years ended December 31, 2021, 2020 and 2019, respectively. 

 

 

 

The Bank had $105,000 net gains on the sale of and write-downs on premises and equipment for the year ended December 31, 2021.  The Bank had no gains or losses on the sale of or write-downs on premises and equipment for the year ended December 31, 2020.  The Bank had $239,000 net losses on the sale of and write-downs on premises and equipment for the year ended December 31, 2019.