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

(9) Premises and Equipment

 

Premises and equipment consisted of the following:

 

   useful lives  2020   2019 
(Dollars in thousands)  Estimated  As of December 31, 
   useful lives  2020   2019 
Land  Indefinite  $6,279   $6,279 
Office buildings and improvements  10 - 50 years   21,058    21,047 
Furniture and equipment  3 - 15 years   8,336    8,227 
Automobiles  2 - 5 years   567    651 
Total premises and equipment      36,240    36,204 
Accumulated depreciation      (15,747)   (15,071)
Total premises and equipment, net     $20,493   $21,133 

  

Depreciation expense totaled $987,000 for the year ended December 31, 2020, and $1.0 million during the years ended 2019 and 2018 and was included in occupancy and equipment expense on the consolidated statements of earnings.